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Iran Petrochemicals Report INCLUDES BMI's FORECASTS Q2 2011 www.businessmonitor.com IRAN PETROCHEMICALS REPORT INCLUDES BMI'S FORECASTS ISSN 1749-2289 Published by Business Monitor International Ltd. IRAN PETROCHEMICALS REPORT Q2 2011 INCLUDES 5-YEAR FORECASTS TO 2015 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: January 2011 Business Monitor International © 2011 Business Monitor International. Mermaid House, All rights reserved. 2 Puddle Dock, London, EC4V 3DS, All information contained in this publication is UK copyrighted in the name of Business Monitor Tel: +44 (0) 20 7248 0468 International, and as such no part of this publication Fax: +44 (0) 20 7248 0467 may be reproduced, repackaged, redistributed, resold in Email: [email protected] whole or in any part, or used in any form or by any Web: http://www.businessmonitor.com means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. Iran Petrochemicals Report Q2 2011 © Business Monitor International Ltd Page 2 Iran Petrochemicals Report Q2 2011 CONTENTS Executive Summary ......................................................................................................................................... 5 SWOT Analysis ................................................................................................................................................. 7 Iran Petrochemicals Industry SWOT ..................................................................................................................................................................... 7 Iran Political SWOT .............................................................................................................................................................................................. 8 Iran Economic SWOT ............................................................................................................................................................................................ 9 Iran Business Environment SWOT ......................................................................................................................................................................... 9 Global Overview ............................................................................................................................................. 10 Petrochemicals Market Overview ........................................................................................................................................................................ 10 Financial Results ................................................................................................................................................................................................. 14 Global Oil Products Price Outlook ...................................................................................................................................................................... 15 Table: Oil Product Price Assumptions 2010 (Us$/Bbl) ....................................................................................................................................... 17 Table: Oil Product Price Forecasts (Us$/Bbl)..................................................................................................................................................... 18 Gulf Regional Overview ................................................................................................................................. 19 Table: Announced Ethylene Crackers In The Gulf Region ................................................................................................................................... 21 Iran Market Overview ..................................................................................................................................... 22 Table: Iran’s Olefins Capacity, 2009 ................................................................................................................................................................... 23 Table: Iran Polymer Capacity, 2009 .................................................................................................................................................................... 24 Table: Iran’s Cracker Capacity, 2006-2014 (‘000 tpa) ....................................................................................................................................... 25 Impact Of Pricing Mechanism ............................................................................................................................................................................. 26 Industry Trends And Developments ............................................................................................................ 27 Sanctions And The Petrochemicals Sector ........................................................................................................................................................... 28 Privatisation ........................................................................................................................................................................................................ 31 West Ethylene Pipeline ........................................................................................................................................................................................ 31 NPC ..................................................................................................................................................................................................................... 32 Pars Petrochemical.............................................................................................................................................................................................. 36 Table: NPC Recent/Planning Stage Projects In The Pars Special Economic Zone.............................................................................................. 37 Table: JV NPC Projects Planned, In Progress Or Completed In Petrochemical SEZ And Pars SEZ .................................................................. 38 Iran-Turkey Relations .......................................................................................................................................................................................... 39 Iran-Indonesia Relations ..................................................................................................................................................................................... 40 Industry Developments – Related Industries ........................................................................................................................................................ 40 Business Environment Ratings ........................................................................................................................................................................... 42 Table: Middle East And Africa Petrochemicals Business Environment Ratings .................................................................................................. 42 Industry Forecast Scenario ........................................................................................................................... 45 Table: Iran’s Petrochemicals Industry, 2007-2015 (‘000 tpa, unless otherwise stated) ...................................................................................... 47 Macroeconomic Outlook ...................................................................................................................................................................................... 49 Table: Iran - Economic Activity; 2006-2015 ........................................................................................................................................................ 51 Company Profiles ........................................................................................................................................... 52 Karoon Petrochemical Company ......................................................................................................................................................................... 52 National Petrochemical Company ....................................................................................................................................................................... 53 Glossary Of Terms ......................................................................................................................................... 55 Table: Glossary Of Petrochemicals Terms .........................................................................................................................................................
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