KUWAIT REFINERIES SEEN KEY TO NAPHTHA MARKET

Restarting Kuwait's two biggest refineries in the second half of this year should rebalance world naphtha supply/demand. The loss of Kuwaiti refining capacity stemming from Iraq's takeover of Kuwait squeezed naphtha supplies sharply and sent naphtha prices soaring in third quarter 1990. Longer term, increased demand for naphtha caused by a surge in added Far East ethylene capacity coming on stream in 1991-92 won't lead to another shortfall in naphtha supplies.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home