SAUDI Aramco’s growth plans are clearly aligned with the diversification objectives of the Kingdom of Saudi Arabia (KSA), according to Frost & Sullivan.
Vishnu Sankaran, Industry Manager, Chemicals and Materials Practice - MENA, said Aramco is introducing a whole new array of products which were not previously produced in the GCC through its joint ventures such as PetroRabigh, Sadara Chemical Company and SATORP.
“These chemicals not only add more value along the petrochemical chain, but also open investment opportunities in the downstream sector and ultimately create more job opportunities for the local people,” Sankaran noted.
“Having worked with multiple companies in Saudi Arabia, Frost & Sullivan clearly sees palpable interest amongst investors and manufacturers alike to make the best use of availability of new feedstock in the KSA.
“It would not be a surprise if further joint ventures are announced by Saudi Aramco in the near future for specialty petrochemicals paving the way forward for greater technological collaboration with the global producers,” he said.
Oil and Gas News | Middle East
Subscribe to this comment's feed
