Mideast Moves Downstream

The theme of the Sixth Gulf Petrochemicals and Chemicals Association (GPCA) Annual Forum, held earlier this month in Dubai, sums up the direction and challenge ahead for Mideast producers: ‘Moving Downstream: Creating Added Value and Sustainable Growth.’ The meeting drew 1,600 attendees, up more than 20% from one year ago. The Mideast industry is undergoing a gradual but transformative shift as it moves away from a core strategy that has driven rapid development over the past 30 years: the monetization of cheap and abundant natural gas, mainly through...

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