Latin America second only to Asia in petrochemical prospects
- Wright Killen and Co., Houston, TX (United States)
The opportunity in Asia for petrochemical companies generally is well known among global players in the industry. Conventional wisdom dictates that most companies at least consider investing in Asia, and for good reason, in most cases. The more aggressive, growth-oriented companies, however, already are attempting to discover the ``next Asia,`` if there is such a thing. Latin America has been nominated as one of the less developed regions that might inherit the Asia/Pacific region`s enviable position. This nomination, however, was made before the Mexican financial crisis and the burgeoning pressure on the currencies of Brazil and Argentina. In light of current events, can Latin America still be considered the next Asia, and, if so, what opportunities will follow the devaluation of the Mexican peso? An analysis of the economic and political factors affecting the petrochemical industry in Latin America indicates that the region still hold excellent prospects for petrochemical companies.
- OSTI ID:
- 33635
- Journal Information:
- Oil and Gas Journal, Vol. 93, Issue 16; Other Information: PBD: 17 Apr 1995
- Country of Publication:
- United States
- Language:
- English
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