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Saudi Arabias petrochemical exports will continue to grow in 2011

January 13/2011

(Arabian Business) -- Saudi Arabias petrochemical exports will continue to grow in 2011, even as Turkey and Pakistan investigate some products for possible violations of anti-dumping rules, a Saudi industry official said.


Demand in Asia for Saudi petrochemicals exceeded the available supply in the fourth quarter of 2010 and will continue to do so in the first quarter of this year, Abdul Rahman Al Zamil, the head of the countrys Export Development Centre, said in a telephone interview yesterday. The Riyadh-based centre promotes the countrys non-oil exports.


India imposed a 6.5 percent anti-dumping duty in November on polypropylene exported by Saudi Basic Industries Corp and two other Saudi Arabian companies because it believes they benefit unfairly from government subsidies. China decided in November, after a yearlong investigation, not to impose anti-dumping duties on Saudi shipments of methanol.


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