Refining & Petrochemicals

The Middle East & North African downstream sectors is split into ‘haves’ and ‘have nots’. The wealthy countries with economies boosted by oil and gas exports are mainly looking to expand their downstream industries to squeeze more out of their oil assets. The poorer countries struggle to meet demand for fuels.

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1: Iraqi Refinery Output Vs Domestic Demand*: Will Refining Capacity Additions Close Baghdad’s Transport Fuels Shortfall?

Augusta Refinery Imports (000' B/D): Algerian Oil Only Made Up 6% Of Total In 7M20 ('000 B/D)

Sabic Quarterly Revenue ($bn): 2Q20 Total $6.57bn Down 44% From 3Q18's $11.7bn

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