Azerbaijan Petrochemicals Report Q3 2012

2012-05-31
Published : May-2012

In 2011, petrochemicals and downstream industries reported stellar growth as the industry enjoyed an influx of fresh investment and strong demand. The chemicals industry was one of the strongest non-oil industrial segments for the year, with 36% growth, while rubber and plastic output rose 25%.

The expansion of the petrochemicals sector in Q312 and beyond will be closely linked to the performance of Azerbaijani methanol producer AzMeCo, which is planning to export about 90% of its output when it completes its US$360mn plant in Q113. The plant will have a capacity of 560,000 tonnes per annum (tpa), raising methanol production in Azerbaijan to 720,000tpa. The remainder of AzMeCo’s output is for domestic use and it will be employed to bolster the domestic non-oil industry, leading to the production of acetic acid (165,000tpa), formaldehyde (18,000tpa) and melamine (15,000tpa). A fertiliser project is also planned at AzMeCo’s Karadagh facility, with capacities of 255,000tpa ammonia and 500,000tpa urea.

State Oil Company of Azerbaijan Republic (SOCAR) is also planning two fertiliser plants, with 700,000tpa of urea capacity each – one in Azerbaijan and one in Georgia. Construction is due to begin in mid-2013, with completion due by end-2016. Azerbaijan is aiming to raise its fertiliser exports to 1mn tpa.

Azerbaijan is in 10th and sits at the bottom of BMI’s proprietary Central and Eastern Europe Petrochemicals Risk/Reward Ratings, with a score of 32.7, 6.6 points behind Bulgaria. Azerbaijan’s score could rise if plans for a new integrated petrochemicals complex come to fruition, but this is unlikely to come onstream before 2018 at the earliest. Azerbaijan’s considerable energy reserves and rising gas output have meant petrochemicals capacity has been overlooked, largely owing to a poor business environment, which has deterred investors. However, there are signs that things are changing for the better, as the government is making a concerted effort at restructuring the sector.

Q3 2012 Report of Azerbaijan Petrochemicals

Published: May 2012           Price: US $ 1175   

  Buy Now

Table of Contents

BMI Industry View 5
SWOT Analysis . 6
Azerbaijan Petrochemicals Industry SWOT … 6
Global Petrochemicals Overview … 7
Petrochemicals Market Overview .. 7
Table: World Ethylene Production By Country, 2011 And 2016 (‘000 tonnes capacity) … 7
Financial Results . 11
Table: Financial Results Of Major Petrochemicals Companies, 2011 11
Global Oil Products Price Outlook .. 12
Table: BMI’s Refined Products Forecasts, 2010-2016 . 12
European Petrochemicals Overview 21
Azerbaijan Market Overview . 26
Table: Azerbaijan’s Petrochemicals Sector – Cracker Capacity Data And Forecasts, 2008-2016 (‘000 tpa) . 26
Table: Manufacture Of Petrochemicals Products, 2000-2010 (‘000 tonnes) … 27
Industry Trends And Developments 28
Upstream Activities .. 30
Petkim Privatisation 32
Petrochemicals Risk/Reward Ratings .. 35
Azerbaijan Risk/Reward Ratings … 35
Table: Central And Eastern Europe Petrochemicals Risk/Reward Ratings . 35
Industry Forecast Scenario … 38
Table: Azerbaijan’s Petrochemicals Sector, 2008-2016 (‘000tpa, unless otherwise stated) 38
Macroeconomic Outlook … 41
Table: Azerbaijan – Economic Activity, 2011-2016 . 43
Company Profiles … 44
Azerkimya 44
State Oil Company of Azerbaijan (SOCAR) . 45
Glossary Of Terms . 48
Table: Glossary Of Petrochemicals Terms .. 48
Country Snapshot: Azerbaijan Demographic Data . 49
Section 1: Population … 49
Table: Demographic Indicators, 2005-2030 49
Table: Rural/Urban Breakdown, 2005-2030 … 50
Section 2: Education And Healthcare .. 50
Table: Education . 50
Table: Vital Statistics … 50
Section 3: Labour Market And Spending Power .. 51
Table: Employment Indicators . 51
Table: Consumer Expenditure, 1999-2004 (US$) 51
Table: Average Annual Wages, 2000-2012 .. 52
BMI Methodology … 53
How We Generate Our Industry Forecasts .. 53
Chemicals And Petrochemicals Industry . 53
Cross Checks … 54
Business Environment Ratings . 55
Table: Petrochemicals Business Environment Indicators And Rationale . 55
Weighting . 56
Table: Weighting Of Indicators … 56Table: World Ethylene Production By Country, 2011 And 2016 (‘000 tonnes capacity) . 7
Table: Financial Results Of Major Petrochemicals Companies, 2011 . 11
Table: BMI’s Refined Products Forecasts, 2010-2016 . 12
Table: Azerbaijan’s Petrochemicals Sector – Cracker Capacity Data And Forecasts, 2008-2016 (‘000 tpa) . 26
Table: Manufacture Of Petrochemicals Products, 2000-2010 (‘000 tonnes) . 27
Table: Central And Eastern Europe Petrochemicals Risk/Reward Ratings . 35
Table: Azerbaijan’s Petrochemicals Sector, 2008-2016 (‘000tpa, unless otherwise stated) . 38
Table: Azerbaijan – Economic Activity, 2011-2016 . 43
Table: Glossary Of Petrochemicals Terms . 48
Table: Demographic Indicators, 2005-2030 . 49
Table: Rural/Urban Breakdown, 2005-2030 . 50
Table: Education . 50
Table: Vital Statistics . 50
Table: Employment Indicators . 51
Table: Consumer Expenditure, 1999-2004 (US$) . 51
Table: Average Annual Wages, 2000-2012 . 52
Table: Petrochemicals Business Environment Indicators And Rationale . 55
Table: Weighting Of Indicators . 56

Filed in: Energy & Power, Petrochemicals
More Reports
Title Price Buy Now

Algeria Midstream Oil and Gas Industry Outlook to 2022 – Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines and Gas Processing

Algeria Midstream Oil and Gas Industry Outlook to 2022 - Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines and Gas Processing Summary "Algeria Midstream Oil and Gas Industry Outlook to 2022 - Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines and Gas Processing", is a comprehensive report on midstream oil and gas industry in Algeria. The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, oil storage terminals, major trunk pipelines and gas processing plants in Algeria till 2022. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's midstream sector. Scope - Updated information related to all......
$1500

Argentina Midstream Oil and Gas Industry Outlook to 2022 – Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines, Underground Gas Storage and Gas Processing

Argentina Midstream Oil and Gas Industry Outlook to 2022 - Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines, Underground Gas Storage and Gas Processing Summary "Argentina Midstream Oil and Gas Industry Outlook to 2022 - Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines, Underground Gas Storage and Gas Processing", is a comprehensive report on midstream oil and gas industry in Argentina. The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, oil storage terminals, major trunk pipelines, underground gas storage sites and gas processing plants in Argentina till 2022. Further, the report also offers recent developments and financial deals in the country's midstrea......
$1500

Thermal Power in United Arab Emirates, Market Outlook to 2030, Update 2017 – Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

Thermal Power in United Arab Emirates, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles Summary "Thermal Power in United Arab Emirates, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles", is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the thermal power market. The report provides in depth analysis on global thermal power market with forecasts up to 2030. The report analyzes the power market scenario in United Arab Emirates(includes thermal, nuclear, large hydro, pumped storage and renewable energy sources) and p......
$2500

GlobalData Power Attractiveness Index

GlobalData Power Attractiveness Index Summary Solar has become the world's favorite new type of electricity generation, with more solar photovoltaic (PV) capacity being installed than any other generation technology. Worldwide, approximately 72 gigawatts (GW) of new solar PV capacity was installed in 2016. Wind energy was in second place with 53 GW, followed by coal with 52 GW, gas with 41 GW, and hydro with 31 GW. China and India occupy the top two spots in the overall power market attractiveness index as the most lucrative markets in the short term. These are followed by the US, Turkey, Germany, and Brazil. China rolled out its latest five-year energy development plan, detailing the country's aim of investing about CNY2.5 trillion (more than $363 billion) through 2020 in the ......
$500

Wind Power in Chile, Market Outlook to 2030, Update 2017 – Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

Wind Power in Chile, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles Summary "Wind Power in Chile, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles", is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the wind power market in Chile. The report provides in depth analysis on global renewable power market and global wind power market with forecasts up to 2030. The report analyzes the power market scenario in Chile (includes conventional thermal, nuclear, large hydro and renewable energy sources) and provides future o......
$2500

Solar Photovoltaic (PV) in Chile, Market Outlook to 2030, Update 2017 – Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

Solar Photovoltaic (PV) in Chile, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles Summary "Solar Photovoltaic (PV) in Chile, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles", is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the Solar Photovoltaic (PV) market in Chile. The report provides in depth analysis on global renewable power market and global Solar Photovoltaic (PV) market with forecasts up to 2030. The report analyzes the power market scenario in Chile (includes conventional thermal, nuclear, large hydro......
$2500

Hydropower (Large, Small and Pumped Storage) in Chile, Market Outlook to 2030, Update 2017 – Capacity, Generation, Regulations and Company Profiles

Hydropower (Large, Small and Pumped Storage) in Chile, Market Outlook to 2030, Update 2017 - Capacity, Generation, Regulations and Company Profiles Summary "Hydropower (Large, Small and Pumped Storage) in Chile, Market Outlook to 2030, Update 2017 - Capacity, Generation, Regulations and Company Profiles", is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the hydropower market in Chile. The report provides in depth analysis on global renewable power market and global hydropower market with forecasts up to 2030. The report analyzes the power market scenario in Chile (includes conventional thermal, nuclear, large hydro and renewable energy sources) and provides future outlook with forecasts up to 2030. Th......
$2500

H1 2017 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia to Witness Most Planned Project Starts

H1 2017 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia - Indonesia to Witness Most Planned Project Starts Summary Globally, a total of 28 key planned crude and natural gas projects are expected to start operations in Southeast Asia. They are expected to contribute around 146 mbd to global crude production and about 4.1 bcfd to global gas production in 2025. Among countries, Vietnam, Malaysia, and Indonesia would account for most of the capex spending. About US$37.4 billion is expected to be spent between 2017 and 2025 to bring the planned projects online. Among companies, ExxonMobil would be the highest capex spending company followed by Petroliam Nasional Berhad, and Vietnam Oil and Gas Group. Scope - Oil and gas prod......
$1500

Monthly Global Upstream Review, July 2017 – North America has the Highest Development Costs for Planned and Announced Projects

Monthly Global Upstream Review, July 2017 - North America has the Highest Development Costs for Planned and Announced Projects Summary During the 2017 to 2021 outlook period, global oil and gas production is expected to increase by 3.8% to almost 62,000 mmboe by 2021. Total capex outlook is expected to decrease from more than US$400 billion in 2017 to around US$360 billion in 2021. A total of more than 400 planned and announced projects are expected to come online globally, by 2021. Asia leads with the highest number of planned and announced projects among regions, followed by Africa and Europe. Scope - Global oil and gas production outlook by region for the period 2017 to 2021 - Key economic metrics for the global upstream industry by major regions and companies - Global liqui......
$1500

Saudi Arabia Midstream Oil and Gas Industry Outlook to 2022 – Market Forecasts for Oil Storage, Pipelines and Gas Processing

Saudi Arabia Midstream Oil and Gas Industry Outlook to 2022 - Market Forecasts for Oil Storage, Pipelines and Gas Processing Summary "Saudi Arabia Midstream Oil and Gas Industry Outlook to 2022 - Market Forecasts for Oil Storage, Pipelines and Gas Processing", is a comprehensive report on midstream oil and gas industry in Saudi Arabia. The report provides details such as name, type, operational status and operator for all active and planned (new build) oil storage terminals, major trunk pipelines and gas processing plants in Saudi Arabia till 2022. Further, the report also offers recent developmets and latest contracts awarded in the country's midstream sector. Scope - Updated information related to all active and planned oil storage terminals, major trunk pipelines and gas proce......
$1500