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Qatar petrochem to boost overall exports by 2020: Muntajat
28
Nov '13
Qatar petrochemical industry’s planned investments would further increase the country’s export portfolio to 23 million tons per annum by 2020 from the existing 10 million tons, said the Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) CEO Abdulrahman Ali Al-Abdulla, at the recently held Gulf Petrochemicals and Chemicals Association (GPCA) annual forum in Dubai.
 
Mr. Al-Abdulla said that as the demand for petrochemicals continues to rise, the Gulf petrochemicals industry persists on to be the largest producer and exporter of petrochemicals in the world, accounting for 11 percent of the US$ 600 billion global market, reports Qatar News Agency.
 
Following the positive global outlook on market demand and consumption patterns, the Muntajat has planned to expand its portfolio of products that will better serve the needs of customers worldwide, he added.
 
Mr. Abdulla said that Muntajat has been developing global network of offices and advanced supply chain programs that will ensure world-class logistical support as well as high-quality products.
 
Noting the importance of the GPCA annual forum, the Muntajat CEO said that the company received positive feedback during its participation at the forum and managed to establish relations which would result into future collaborations.
 
There was an increasing interest among customers and industry leaders at the forum on how Muntajat streamlines access to Qatar’s petrochemicals and many have expressed desire to establish trade relations with the company, he added.
 
In September 2013, the company had announced plans to open its international marketing office, Muntajat Besloten Vennoot (Muntajat BV) in The Hague, in the Netherlands.
 
Muntajat, a state-owned petrochemical company launched in the second-half of 2012, holds exclusive rights to purchase, market, distribute and sell Qatar’s production of chemical and petrochemical regulated products to the global market. The company has the mandate to export Qatar’s 10 million tons of chemicals and petrochemicals to worldwide markets.
 

Fibre2fashion News Desk - India


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