2712 2015
Demand for its products is set to grow 4% in the coming years
It showed the petrochemical sector with the countries of the region its ability to resist pressure the price the consumer markets and fluctuations, coming from high production costs and the continued fall in oil prices and pressure, and it became clear that the survival of gas prices at appropriate levels as well as government support for the petrochemical sector, have positive effects in improving the ability of sector on the resistance and withstand rapid market changes and improve competitive factors among foreign markets.
According to the weekly report Crescent Petroleum cumulative performance results have shown there is an opportunity to improve productivity and operational efficiency at the current level of investment, in addition to the possibility of achieving additional returns on investment of up to 10%, through raising the efficiency of current operations to its limits without the need to pump new investments.
It is worth mentioning that the petrochemical sector is able to attract new and able investment also to resist the pressures and maintain the attractiveness and competitiveness of more market competition around the world, and it is necessary to focus on improving operational processes to improve returns and maximize shareholders' returns at the current level of competition, in particular on products non-traditional, with an emphasis here that the next phase requires raising the efficiency of performance and raise the capacity to deal with the pressure fluctuations without facing additional costs, at a time when the Gulf petrochemicals sector sales value amounted to more than $ 87 billion, accounting for 13% of Global production of petrochemicals, which requires a greater emphasis on efficiency and more thoughtful investment at the limits of efficiency without dumping and when investing contender capable of generating returns in changing market conditions limits.