The 15th Annual APS Conf. In Tehran - Larry Wheeler.
H.E. Mohammad Reza Nematzadeh, Deputy Petroleum Minister and President/CEO of Iran's National Petrochemical Co. (NPC 1. (complexity) NPC - NP-complete.
2. (architecture) NPC - Next Program Counter. ) and formerly Minister of Industry, chaired the 8th Session on petrochemicals.
Larry Wheeler, a Houston-based Petrochemicals Consultant, said significant petrochemical expansion plans are being developed by Iran, Saudi Arabia Saudi Arabia (sä`dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. , Qatar and Kuwait. Because so many projects are scheduled to be on stream within a brief period of time (2003-2006), there could be severe industry over-capacity and extreme competition among Middle East producers for limited markets. As the petrochemical business decline of 2001 reflected the reality of an industry that is cyclical cyclical
Of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements. and prone to over-capacity, "implementation of expansion plans should proceed cautiously. Timing of each project should be reviewed for minimum market disruption Market Disruption
A situation where markets cease to function in a regular manner, typically characterized by rapid and large market declines. Market disruptions can result from both physical threats to the stock exchange or a unusual trading (as in a crash). and only the most competitive project should proceed".