Gulf countries exported over 70 mn tonnes of petrochemicals

Gulf countries exported over 70 million tonnes of petrochemicals last year which was 80 per cent of its total production by the six member states of the GCC, officials said.
"With 80 per cent of the GCC (Gulf Cooperation Council) petrochemical output exported overseas, we want to push and challenge the thinking processes in the industry and show how there can be value generation in the supply chain," Mohammad Husain, President and CEO of Kuwait's Equate Petrochemical Company said yesterday.
"Between 2010 and 2015, the GCC's petrochemical exports increased by 30 per cent. Currently, the main challenges facing the supply chain are relevant to customs processes, environmental impact, developing new solutions, overall cost and others.

"All of which require an innovation-based approach by the producers, government bodies and supply chain providers through being 'Partners in Success'," Husain, who also heads Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Committee said.
Encouraging partnerships for the development of industrial logistics and transport, EQUATE sponsored the 8th Supply Chain (SC) Conference 2016 organised by the GPCA.
The 8th GPCA SC Conference 2016 is held in Dubai under the theme "Supporting Downstream Development: Creating Integrated Supply Chain Linkages".
The event gathers top executives from petrochemical and chemical companies, as well as government bodies, supply chain providers and other entities to discuss various topics regarding logistics and transport.

The GCC is a regional intergovernmental political and economic union which was established in 1981. Its member states are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.