international magazine
05 / 2004

Worth more than crude

Some experts estimate the annual surge in demand for petrochemistry production at a level of 56% up to 2020, compared with only a 1.7% average annual rise in demand for crude oil. The expansion of the global petrochemical market presents Russian companies with a viable opportunity for raising export shipments investing in the industry, the companies discover that selling petrochemicals could well be more profitable than selling crude.