By: Amr Adel
Dubai – Mubasher: The Minister of State in the United Arab Emirates, Sultan Ahmed Al Jaber, called the GCC countries to benefit from their common strengths and take advantage of opportunities to develop the future of the petrochemical industry.
During his speech at the 11th Annual GPCA Forum in Dubai, Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC), said that the GCC countries have to enhance trade policies, increase competitive advantages and raise its share in the global market.
Al Jaber asserted that the GCC members can become a true global force in the petrochemical sector through building alliances with global firms and opening new markets.
“The growth in the gulf petrochemical industry increased by more than 10% per year since 2000,” Al Jaber said.
Regarding ADNOC, Al Jaber said that the company will triple its production of petrochemicals from 4.5 million tons per year to 11.4 million tons a year by 2025.
Translated by: Elwy el-Manzalawy
