Saudi Arabia's petrochem makers unlikely to be affected by recent regional uprisings

04-Mar-11
Saudi Arabia's petrochemical makers are not expected to be affected by recent regional uprisings in the region. As reported in Dow Jones, "I can say our exports and industry will absolutely not be affected by the current political turmoil. The demand for petrochemicals is robust," said Abdul Rahman Al Zamil, head of the Riyadh-based Export Development Center and chairman of Zamil Group Holding Co. Saudi chemical markers are currently in talks with the European Union over the possibility of imposing tariffs against Saudi Arabia and Oman on material used in plastic bottles.
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