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Impact of Oil Companies Investing in Petrochemicals

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Language: en

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00:00:07.900 00:00:07.910 today about 15% of crude oil demand goes
00:00:12.320 00:00:12.330 into petrochemicals we're seeing more
00:00:14.330 00:00:14.340 and more traditional oil companies
00:00:15.890 00:00:15.900 invest in petrochemicals and the best
00:00:18.050 00:00:18.060 example of that is a ram code the
00:00:20.269 00:00:20.279 largest oil company in the world Aramco
00:00:22.910 00:00:22.920 is investing in joint ventures and
00:00:25.250 00:00:25.260 wholly owned ventures throughout the
00:00:27.200 00:00:27.210 world ranging from China to India to the
00:00:31.430 00:00:31.440 Middle East and even in the United
00:00:34.459 00:00:34.469 States now the impact that that will
00:00:36.350 00:00:36.360 have on traditional chemical companies
00:00:38.119 00:00:38.129 is more competition for these
00:00:39.889 00:00:39.899 petrochemicals whether they're in the
00:00:41.479 00:00:41.489 olefins sector or the aromatic sector
00:00:43.790 00:00:43.800 and even some of the oil companies are
00:00:45.680 00:00:45.690 considering more specialty and
00:00:47.360 00:00:47.370 intermediate chemicals as well the other
00:00:49.910 00:00:49.920 impact is that if oil companies get more
00:00:52.579 00:00:52.589 involved in the chemical industry it
00:00:54.979 00:00:54.989 could lead to further commoditization of
00:00:57.139 00:00:57.149 many of the chemicals and and lower
00:00:59.750 00:00:59.760 pricing power for these products
00:01:01.550 00:01:01.560

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