Forum studies prospects, economic impact of petrochemical industries for region

AMMAN — The second Arab Forum organised by the Arab Federation of Chemical and Petrochemical Industries (AFCPI) kicked off on Thursday in Amman.

Environment Minister Saleh Kharabsheh, deputising for Prime Minister Omar Razzaz, attended the opening ceremony. 

In his remarks, he said that the event’s title “The reality and prospects of oil, gas, chemical and petrochemical industries and their impact on the economies of the Arab world“, “proves the role” of these industries in sustainable development.

He noted that indicators from these industries point to a “bright future”, highlighting the region’s hydrocarbonic wealth, the Jordan News Agency, Petra, reported.

He also expressed the Kingdom’s readiness to facilitate the establishment of integrated petrochemical projects, noting that Iraqi gas can be used as a source of clean energy, thanks to the regional gas pipeline and the Kingdom’s encouraging investment environment. 

AFCPI General Secretary Ahmed Walid Ahmed said that the contributions of oil, gas, chemical and petrochemical industries to Arab economies are “prominent”, adding that this sector attracts the most capital.

He attributed Arab countries’ distinction in this field to the availability of raw materials and qualified competencies, as well as insurance and finance institutions and infrastructure that can cope with expansion.