"Algeria Petrochemicals Report Q4 2015" is now available at Fast Market Research
New Energy market report from Business Monitor International: "Algeria Petrochemicals Report Q4 2015"
[ClickPress, Tue Sep 01 2015] The Algerian petrochemicals market will come under pressure in 2015 as a result of slowing economic activity caused by falling oil prices. In addition, the local petrochemicals industry is unlikely to expand significantly, with investment largely focused on fertilisers.
The fertiliser sector is the focus of expansion in 2015. Production is supported by the opening in H1 of Sonatrach's joint venture with Oman's Suhail Bahwan Holding Group, Al Djazairia Al Omania Lil Asmida (AOA), which was built at a cost of USD2.6bn and produces ammonia and urea for fertiliser. AOA has a capacity of 2.4mn tonnes per annum (tpa), leading to an increase in national production by about one-third. The launch of the AOA plant follows the announcement of modernisation and expansion plans at two other large ammonia and urea facilities.
There was an immediate boost to overall petrochemicals production by the opening of AOA's operations. Petrochemical products output rose 82% y-o-y in Q115 to 924,000 tonnes due mainly to higher ammonia and urea production. However, constraints in the upstream sector saw Algeria's oil and natural gas output fall by 6% y-o-y despite an increase in investment. It produced 38.1mn tonnes of oil equivalent (toe) in the first quarter. Refined oil products output also fell 8.2% y-o-y to 7mn toe.
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Algeria is aiming to build five refineries to double output by 2019. This will involve state-owned energy company Sonatrach investing USD90bn over its five-year investment plan to 2019 despite low oil prices.
Two Algerian-Qatari partnership petrochemicals projects are under consideration: a 5mn tpa phosphate chemical processing plant and a fertilizer plant. BMI believes that it is unlikely the projects will be completed before 2018. However the projects will not make up for the loss of the collapsed petrochemicals joint venture.
The Algeria Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.
BMI's Algeria Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Algerian petrochemicals industry.
* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Algerian petrochemicals market.
* Target business opportunities and risks in the Algerian petrochemicals sector
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