Kuwait naphtha market size by naphtha production and exports
Transformation presents a comprehensive analysis of the industry covering aspects Including market size by naphtha production, naphtha exports and market segmentation by production of naphtha from refineries & plants and by consumption of naphtha in petrochemicals sector. The report also entails a discussion on the recent trends and developments in the market and the competitive scenario of major players in Kuwait naphtha market.
The supply and demand chain of naphtha in Kuwait affects the countries across the lobe as the country exports its entire naphtha production. The potential factors affecting naphtha production and exports in Kuwait are oil production, prices and demand in refineries, petrochemicals and chemical industry followed by diversifying product portfolio obtained from naphtha. Middle East Naphtha Market has witnessed an appreciable growth at a CARR of 7. 7% during the period 2007-2013.
Kuwait Is the second largest country operating In Middle East naphtha market. Naphtha production has witnessed a substantial growth at a CARR of during the period 2007-2013. The country principally exports to continents such as Asia. Kuwait produces naphtha either through its refinery operations or through various processing techniques employed at its chemical plants. Kuwait has produced more than 80% of its total naphtha from refinery operations at a noticeable CARR of 2. % during the period 2007-2013. The production from these plants has fairly increased from -?% in the year 2007 to -% of the total naphtha production in the year 2013. The naphtha which is consumed for petrochemical’s production is not utilized for indigenous use rather exported to other countries. The country drives its OLL & gas elated activities through Kuwait Petroleum Corporation (KIP), Kuwait National Petroleum Company (KNAP) and Its subleases.
The naphtha exports are the basis for the rising naphtha production in Kuwait. It is forecasted that the naphtha production will surge from – thousand tons in the year 2014 to gigantic -? thousand tons by the year 2018 due to the upcoming petrochemical projects. The exports are anticipated to be analogous to the production and thereby augmented to register significant growth at an appreciable CARR of during the forecasted period 2013-2018. Key Topics Covered in the Report.