Israel Petrochemicals Report Q3 2016

Date: June 1, 2016
Pages: 72
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

Israeli petrochemicals margins grew strongly in 2015 due to lower naphtha costs, which offset sluggish output and falling product prices. Israel's refinery sector has capitalised on imports of oil from Kurdistan as well as lower global oil prices, which has been fed through the production chain. Producers will be banking on improved demand to boost growth in earnings in 2016.

Naphtha costs will be crucial to defending and growing petrochemicals margins over the medium term. The theoretical surplus between supply and demand in the global oil market will grow over the coming years, precipitating a decline in the price of oil and a corresponding decline in naphtha feedstock costs. For Israel's relatively small, naphtha-fed petrochemicals industry, this will be crucial to ongoing profitability. At issue are the sector's ageing plants, which are under investigation for environmental crimes, with calls for closure due to the effects of operations on residents. The efficiency of the plants brings into question their long-term competitiveness. Plans to expand the Haifa complex's storage facilities by 20%, submitted in January 2016, were dealt a major blow in April 2016 when it emerged that the regional planning and building committee rejected the application on environmental grounds.
BMI Industry View
Operational Risk
Industry Forecast
  Table: Israel's Petrochemicals Sector, 2012-2020 ('000 tpa, unless otherwise stated)
Macroeconomic Forecasts
Economic Analysis
Private Consumption Growing Steadily
Fiscal Expansion Supporting Economic Growth
Industry Risk/Reward Index
MEA Petrochemicals Risk/Reward Index
  Table: MEA Petrochemicals Risk/Reward Index - Q3 2016
Israel Risk/Reward Index
Market Overview
Industry Trends And Developments
Company Profile
Bazan Group (Oil Refineries Ltd)
Israel Chemicals Ltd (ICL)
Regional Overview
Middle East And Africa Overview
Global Industry Overview
Demographic Forecast
  Table: Population Headline Indicators (Israel 1990-2025)
  Table: Key Population Ratios (Israel 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Israel 1990-2025)
  Table: Population By Age Group (Israel 1990-2025)
  Table: Population By Age Group % (Israel 1990-2025)
  Table: Glossary Of Petrochemicals Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Petrochemicals Risk/Reward Index Indicators
  Table: Weighting Of Indicators
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