Insight
GPCA 2025: Feedstock economics reshape Middle East petrochemicals
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Middle East petrochemical industry is navigating a challenging downcycle as feedstock economics reshape investment strategies. Weak crude oil prices, oversupplied markets, and compressed margins are forcing heightened scrutiny on new projects, yet gas-based investments continue to dominate. All upcoming ethylene capacity additions are ethane/NGL-based, enabled by Jafurah basin production in Saudi Arabia, while naphtha cracking remains economically uncompetitive. Despite headwinds, international players maintain their presence in the Middle East with strategic patience. Multiple refinery-to-chemicals projects are advancing toward operations by 2030-2035 to capture more petrochemical value. Government localisation initiatives drive downstream integration, balancing mandates with commercial viability. Wood Mackenzie analysis shows industry recovery by 2030, with demand growth and rationalisation restoring positive margins for most producers.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
East China Sea
The East China Sea contains several oil and gas fields in the Xihu Trough area.
$6,900
Asset Report
SK309 & SK311 (LNG)
The SK309 and SK311 blocks lie offshore Sarawak operated by PTTEP. The blocks contain many oil and gas discoveries.
$3,720
Asset Report
PM335 (Larut Area) (formerly PM5)
The PM5 (Larut Area) development acreage contains the Larut field. The field was discovered in September 1990 by ExxonMobil but was ...
$3,720
