Now Available: Kuwait Petrochemicals Report Q4 2015

Delays to the establishment of the Al-Zour refinery project are set to undermine Kuwaiti petrochemicals competitiveness at a time when it is being confronted with the effects of slower demand from key markets in Asia as well as rising supply from competitors in the US and Iran.

The Al-Zour project was set to raise downstream refinery capacity to 1.4mn barrels/day (b/d) by 2019, but it looks set to be delayed until 2020 as costs escalate and Kuwait continues in its effort to secure financing. In the meantime, refining capacity is set to decline as a result of consolidation within the refining sector, a move that could restrict naphtha supply to petrochemicals and raise feedstock costs.

Externalities will be crucial to the performance of the Kuwaiti petrochemicals industry and unless the industry sustains a competitive edge, it will suffer diminishing margins on production. While the predominantly naphtha-fed sector has taken advantage of the recent decline in crude prices, it may struggle with the surge in output from Iran following sanctions relief as well as low-cost output from US shale-fed producers. Yet, it still has better prospects than most petrochemicals producers in the Arabian Gulf.

Full Report Details at
- http://www.fastmr.com/prod/1038294_kuwait_petrochemicals_report.aspx?afid=301

Key Developments

With the Chinese market is moving towards a situation of self-sufficiency as its market growth slows and capacities continue to rise, Kuwaiti output will need to diversify to other markets as well as increasing the portfolio of products and diversify away from a narrow focus on polymers. Heavier cracks from naphtha should be conducive to diversification.

The Kuwait Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.

BMI's Kuwait Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Kuwaiti petrochemicals industry.

Key Benefits

* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Kuwaiti petrochemicals market.
* Target business opportunities and risks in the Kuwaiti petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Kuwait.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

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