Kuwait is a country blessed with abundant oil resources. The Government of Kuwait has given thrust to sectors such as Petrochemicals, which can make use of the cheap feedstock available. Petrochemicals sector has been developed as part of the export diversification strategy of the Kuwait government. Kuwait has made persistent efforts to improve and enhance its Petrochemicals sector at par with the regional players in GCC. The government is implementing a ‚ÄúStrategy 2002-2020‚Äù for the development of sector. In this report, we have analysed the opportunities for the sector in the form of upcoming joint ventures, increasing synergies for petrochemical and refining integration and the cost advantage enjoyed by the Kuwait Petrochemical companies. The report also covers the government policies and initiatives which impact the functioning of the sector.
The report discusses in detail the challenges faced in the form of volatility in prices of feedstock and increasing competition among the players in GCC and the opportunities that can be utilized by Petrochemical Industries Corporation (PIC) for future growth. Recent developments such as the construction of Al Zhor refinery and Olefins ‚Äì III complex which are expected to give a major thrust to the development of Kuwait petrochemicals sector is discussed.
Who prepared this report? Experienced and qualified team of Marmore Mena Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies. How exhaustive is this report? The report spans 70 pages Do you have updates? No. This is a one off report. Can I only download certain sections of the report? No. The report can be downloaded in full length only Can we ask questions? Yes, by all means. You can write your queries to us at email@example.com