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Macro economic factors in Egypt naphtha market

Posted Dec 4, 2014 by kenresearch12
Egypt naphtha market research report provides statistics on naphtha production from refineries and exports, Oil production, refining capacity and government initiatives, competition and market share of players and naphtha future demand and production

FOR IMMEDIATE RELEASE (Press Release) Dec 4, 2014 -- Egypt Naphtha Market Outlook to 2018 - Industry Shift from Natural gas to Naphtha” presents a comprehensive analysis of the industry aspects including market size by naphtha production and naphtha exports and market segmentation by production of naphtha from refineries. The report also entails a detailed description on the recent trends and developments in the market and the competitive scenario of major players in Egypt naphtha market along with the production share of major companies in Egypt naphtha market.

The supply and demand chain of naphtha in Egypt affects the countries across the globe as the country exports its entire naphtha production. The potential factors affecting naphtha production and exports in Egypt are oil production, prices and demand in refineries, petrochemicals and chemical industry, due to the diversifying product portfolio obtained from naphtha. Middle East Naphtha Market has witnessed an appreciable growth at a CAGR of 7.7% during the period 2007-2013. Egypt is the fifth largest naphtha producer in the Middle East region.

Egypt solely produces naphtha from its refining activities. The naphtha production in the country has plummeted from 2.8 million tons in the year 2007 to ~ thousand tons in the year 2013. This high magnitude of deduction in production is primarily because of the country’s diverted attention towards low cost feedstock ethane which is now gradually shifting towards naphtha. It is vivid that the entire naphtha production of the country is exported across the globe. Egyptian General Petroleum Corporation (EGPC) Company is the leading producer of naphtha in the country.

Egypt is gradually moving from ethane as feedstock to naphtha for its petrochemicals production. It is predicted that the naphtha production in the country will swell from ~ thousand tons in the year 2013 to colossal production of ~ thousand tons by 2018 due to the developing naphtha crackers. The entire naphtha production is contributed from the refining activities in Egypt. The exports are forecasted to witness a similar trend as production and thereby estimated to register significant growth at a stupendous CAGR of ~% during the forecasted period 2013-2018

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Issued By : Kenresearch
Website : Market Research Report
Phone : +91 1147017199
Business Address : 109-110, NDM II, Netaji Subhash Place, Pitampura
New Delhi India
Country : India
Categories : Energy, Reports, Research
Tags : Naphtha,, Refineries, petrochemicals, Chemicals
Last Updated : Dec 4, 2014

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