The Saudi government is targeting national petrochemicals output of 115mn tonnes in 2016, which represents a 46% increase since 2013. There are 26 petrochemicals projects under construction at a cost of USD15bn while another 42 are planned over the next five years at an estimated cost of USD46bn. However, there is the ongoing threat from growth in Iranian exports and the slowdown in the Chinese market. The scale of the Saudi industry should secure the country's position as one of the highest ... Read more
