Nigeria Petrochemicals Report 2013

  • ID: 2373010
  • January 2013
  • Region: Nigeria
  • 53 pages
  • Business Monitor International
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BMI's latest Nigeria petrochemicals report examines the challenges to investment in the olefins and polymers sectors, which are far smaller than they would be if the country realised its full potential. In this reports we assess the infrastructural and political hurdles to expansion and the investment strategies employed by leading players in the industry.

In 2012, Nigeria had olefins production capacities of 550,000 tonnes per annum (tpa) ethylene and 125,000tpa propylene, with thermoplastic resins capacities of 240,000tpa linear low-density polyethylene
(LLDPE) and 95,000tpa polypropylene (PP). The main risk to growth in the market is unrest in the Niger Delta, which has reduced petrochemicals output in the recent past, and the poor business environment.

The main focus for the petrochemicals industry in coming years will be the fertiliser sector. By 2017,
Nigeria will have almost tripled its urea capacity from 1mn tpa in 2011 to 2.75 mn tpa. In olefins and polymers, progress will be slower and largely dependent on the Thailand's Indorama Group's plans for its Eleme Petrochemicals Company subsidiary. The feedstock mix is favourable to further diversification with READ MORE >

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Executive Summary 5

SWOT Analysis 6

Nigeria Petrochemicals Industry SWOT 6

Nigeria Political SWOT 6

Nigeria Economic SWOT 7

Nigeria Business Environment SWOT 7

Global Petrochemicals Overview 8

Global Oil Products Price Outlook 12
Table: BMI's Refined Products Forecasts, 2010-2016 13
Table: Middle East Outperforms In Terms of Passenger Growth 17

Africa Regional Overview 22
Table: Africa's Gas Reserves, 2012 (bcm) 22
Table: Africa's Oil Reserves, 2012 (bn bbl) 22
Table: Africa's Cracker Capacity, 2011-2017, ('000 tpa) 25

Nigeria Market Overview 26
Table: Nigeria's Petrochemicals Facilities 27

Industry Trends and Developments 28

Upstream Sectors 29

Petrochemicals Risk/Reward Ratings 31

Middle East and Africa Regional Petrochemicals Risk/Reward Ratings 31
Table: Middle East And Africa Petrochemicals Risk/Reward Ratings 33

Nigeria 33

Industry Forecast Scenario 35
Table: Nigeria's Petrochemicals Sector, 2010-2017 ('000 tpa, unless otherwise stated) 37

Macroeconomic Outlook 38
Table: Nigeria - Economic Activity, 2011-2016 40

Company Profile 41

Eleme Petrochemicals Company (EPCL) 41

Nigerian National Petroleum Corporation (NNPC) 42

Glossary Of Terms 44
Table: Glossary Of Petrochemicals Terms 44

Country Snapshot 45
Table: Nigeria's Population By Age Group, 1990-2020 ('000) 46
Table: Nigeria's Population By Age Group, 1990-2020 (% of total) 47
Table: Nigeria's Key Population Ratios, 1990-2020 48
Table: Nigeria's Rural And Urban Population, 1990-2020 48

Methodology 49

How We Generate Our Industry Forecasts 49

Chemicals And Petrochemicals Industry 49

Cross Checks 50

Business Environment Ratings 50
Table: Petrochemicals Business Environment Indicators And Rationale 51

Weighting 52
Table: Weighting Of Indicators 52

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Company Profile
Eleme Petrochemicals Company (EPCL)
Nigerian National Petroleum Corporation (NNPC)

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