Middle East ‘Big Oil’ to boost global petrochemicals footprint

While the US cracker wave on the back of the shale gas boom is getting much of the attention, big oil and gas players in the Middle East are lining up mega projects that could shift the landscape of global petrochemicals from 2025.

Driving this push from oil companies is the growing realisation that oil demand for transportation fuel will plateau with the electrification of vehicles and improving fuel efficiency. Saudi Aramco and Abu Dhabi National Oil Company are leading the pack in the next wave of expansions.

Read the full story by downloading the insight by market expert Joseph Change, who was recently featured in the Financial Times.

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