National Oil Companies Forecast to Spend over $116 Billion in New Petrochemicals Projects

National Oil Companies Forecast to Spend over $116 Billion in New Petrochemicals Projects

RMI Supply

National Oil Companies (NOCs) are diversifying beyond their upstream oil and gas core, with major NOCs forecast to spend over US$116 billion in new petrochemicals projects, according to GlobalData, a leading data and analytics company. The company’s analysis of NOCs’ portfolios shows that while many NOCs have historically diversified internationally, this…

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