Printer Friendly

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) 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, 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 and prone to over-capacity, "implementation of expansion plans should proceed cautiously. Timing of each project should be reviewed for minimum market disruption and only the most competitive project should proceed".
COPYRIGHT 2002 Input Solutions
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:APS Review Gas Market Trends
Date:Feb 25, 2002
Previous Article:The 15th Annual APS Conf. In Tehran - Dr. Narsi Ghorban.
Next Article:The 15th Annual APS Conf. In Tehran - Aman Amanpour.

Related Articles
IRAN - Financing & Income Prospects.
IRAN - Profile - Mohammad Reza Nematzadeh.
APS ENERGRY CONFERERENCE - February 16-18, 2002.
APS Conference Held in Tehran Last Week.
Why Natural Gas As Petrochemical Feedstock For Iran.
The Gas Feedstock Advantage For Iran.
IRAN - The Petrochemicals Plan To 2015.
SYRIA - A Syrian Role In Regional Petroleum/Petrochemicals Trade & Gas Pipelines.
Iran Offers To Export Electricity to Pakistan & India At Subsidised Prices.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters