Arab Gulf states to produce 25% of world's petrochemicals by 2011

摘要

Kuwait City-The six oil producing Gulf Arab nations comprising the Gulf Cooperation Council are expected to produce 25% of the world's petrochemicals by 2011,a senior Kuwaiti official said December 12.The expected investment needed to realize that goal by 2011 would amount to an estimated 88 billion,Kuwaiti finance minister Bader al-Humaidi said in a speech opening a petrochemicals conference in the emirate.The six GCC states include Saudi Arabia,Bahrain,Oman,Qatar,Kuwait,and the United Arab Emirates.