Qatar and Saudi Arabia each have five petchems JVs with international majors: and Saudi is making it six with Aramco’s Amiral tie-up with Total.

The growing trend among the Gulf’s downstream players toward integrating petchems with refineries to maximize revenues is seeing the region’s NOCs increasingly operating across the upstream and downstream – like global petroleum majors.

And they are increasingly tapping the expertise of the oil majors, in the downstream as...