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Downstream Development Tops Agenda at GPCA Forum

7:53 AM MST | December 16, 2011 | —Natasha Alperowicz and Robert Westervelt in Dubai

Al Sadoun: Mideast growth at 6.6%/year. Mideast producers are shifting strategies, as feedstock slates become heavier and companies strive to develop downstream manufacturing operations as lower-cost gas feedstock becomes scarcer, said speakers at the Sixth Annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum, held last week in Dubai. The Ministry of Petroleum and Mineral Resources (Riyadh) is seeking to further enhance the value of Saudi Arabia’s hydrocarbon resources through diversification, said Prince Faisal Bin Turki Bin Abdulaziz, advisor...

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