HPI outlook in the Middle East
Estimated oil revenues for the OPEC nations will total more than $600 billion by 1985. It is probable that these countries will invest in export refineries and petrochemical plants. Studies recently published have concluded that the impact of these developments will not be a significant factor until 1985, but it is already being felt in the USA and Western Europe. The natural gas reserves and LNG projects of the OPEC-Middle East countries will have a total capacity of 140.5 billion m/sup 3/per year in 10 plants scheduled to go on-stream between 1980 and 1983. These LNG projects will affect the energy policies in Western Europe, Japan, and the USA. The 10 OPEC-Middle East countries are producing more than 1 billion tpy of crude oil. They are operating 26 refineries already and will add 23 new refineries between 1980 and 1983, to be mainly export-oriented. There are presently six fertilizer plants, with six more planned for 1980 and 1983; these plants export 50 percent of their production to countries such as India, China, Pakistan, the Sudan and are competing with Western European fertilizer producers by providing excellent credit. (MCW)
- OSTI ID:
- 7186105
- Journal Information:
- Hydrocarbon Process.; (United States), Journal Name: Hydrocarbon Process.; (United States) Vol. 55:2; ISSN HYPRA
- Country of Publication:
- United States
- Language:
- English
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020700 -- Petroleum-- Economics
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294002* -- Energy Planning & Policy-- Petroleum
ASIA
DATA
ENERGY POLICY
ENERGY SOURCES
EUROPE
FERTILIZERS
FINANCIAL DATA
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
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GAS FUELS
GASES
GOVERNMENT POLICIES
INCOME
INFORMATION
INTERNATIONAL ORGANIZATIONS
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IRAN
JAPAN
LIQUEFIED NATURAL GAS
LIQUEFIED PETROLEUM GASES
MARKET
MIDDLE EAST
NATURAL GAS
NATURAL GAS LIQUIDS
NORTH AMERICA
OPEC
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PLASTICS
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