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(Arabian oil and gas) -- Saudi
Industrial Investment Group (SIIG) says Saudi Aramco should clarify the new cost
of the gas feedstock, to allow local petrochemical companies to make future
plans.
Suliman Mohammed al-Mandeel , delegate member of SIIG said in a TV
interview with the al-Arabiya TV Channel that as Saudi Aramco is due to increase
the gas feedstock by next year, it is better to clarify the cost now.
“Decision makers should take into consideration the recent international
development of gas exploitation mainly related to the shale gas, as it gives
competitive advantage for US and European petrochemical companies compared to
before where high feedstock cost gave strong advantage for local producers over
western companies,” al-Arabiya quoted al-Mandeel as saying.
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