Onshore Energy Conference — Dubai Onshore Energy Conference — Dubai 02 | Page 18

Higher margins
Naptha,
Ethane, etc.
Crude oil
Refinery
Ethylene,
Propylene, etc.
Petrochemical
plant
Plastics
Plastics
Consumer
Further
processing
A number of projects which are scheduled to
come on line in the Middle East over the next
5 years are designed to link oil and gas
fields to refineries and petrochemical plants
directly. The new downstream capacity
will aim to benefit from the Middle East’s
market differentiators including comparably
low feedstock costs, access to export ports,
and also greater levels of technology and
efficiency that the modern refineries
and petrochemical facilities bring.
Interdependencies
These integrated oilfields / refineries
/ petrochemical complexes will likely
result in complex facilities and significant
interdependencies in the
production process.
This will provide
challenges to underwriters
in understanding the
potential Business
Interruption
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