Asian Chemical Connections
Member countries of the Gulf Cooperation Council (GCC) are divided over Qatar’s role as a major gas supplier in the Middle East going forward amid a political rift that could affect the region’s drive to grow its petrochemical capacity, industry sources said.
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE form the GCC – a regional union established in 1981 to foster greater economic cooperation among the six Middle Eastern countries.
INSIGHT: Crude price falls push petchems lower, raise price volatility
“Everyone is on the sidelines because they don’t know where the bottom is and don’t know what to do.”
VIDEO: ICIS special report - impact of lower crude oil prices