The Nigeria Petrochemicals Report

    • Independent 5 year petrochemicals industry forecasts for Nigeria.
    • Original Petrochemicals market research and petrochemicals sector trend analysis for the Nigerian petrochemicals industry.
    • Competitive intelligence, Nigerian petrochemicals company rankings and SWOT analyses on international and domestic petrochemicals companies in the Nigerian market.

The Nigeria Petrochemicals Report has been researched at source, and features latest-available data covering oil and gas, oil refining, olefins (ethylene, propylene), polyolefin’s (polyethylene, polypropylene), polyvinyl chloride and polystyrene; nitrogen, hydrochloric acid, paintwork products and more; 5-year industry forecasts through end-2011; company rankings and competitive landscapes covering leading multinational and national operators; and analysis of latest industry trends, opportunities and regulatory changes.

Business Monitor International’s Nigeria Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Nigerian petrochemicals industry.

Key Benefits of Report

    • Benchmark BMI’s Independent 5-year Petrochemicals Industry Forecasts to test other views – a key input for successful budgetary and planning in the Nigerian strategic petrochemicals market.
    • Target Business Opportunities & Risks in the Nigerian Petrochemicals Sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Nigeria.
    • Exploit the Latest Competitive Nigerian Petrochemicals Intelligence & company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure – includes multi-national and national companies in Nigeria.

Coverage

Executive Summary
Summary of BMI’s key industry forecasts, views and trend analysis, covering basic chemicals, fine and speciality chemicals markets, regulatory changes, major investments, projects and company developments.

Market Overview
Structure, size and value of industry sector; overview of industry landscape and key players; assessment of business operating environment and latest regulatory developments.

BMI 5-Year Industry Forecast
Historic data series and 5-year forecasts to end-2011 for all key industry indicators, including industry value, production, demand, sales, imports and exports and total investments, supported by macroeconomic forecasts and assumptions. Key products covered:

Basic Chemicals – Covering inorganic and organic feedstock such as ethylene, propylene, ammonia, benzene and chlorine, and inorganic chemical raw materials including sulphuric acid, hydrocholoric acid, nitric acid, soda ash and caustic soda.

Fine & Speciality Chemicals – Covering pesticides, dyestuffs, pigments, coatings, printing inks and reagents, photo-sensitive and magnetic recording materials, food and feed additives, adhesives, surfactants, catalysts and speciality additives, carbon fibre and pharmaceuticals.

BMI Macroeconomic 5-Year Forecast
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape and Rankings
Comparative company analyses and rankings by US$ sales, % market share, employee size, registration date and ownership structure.

Company Profiles and SWOTS
Company profiles, including SWOT analyses, senior executives and full contact details, business activity, products and services, foreign direct investments and projects. Companies covered include:

BMI's Executive Summary

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Industry Overview

Nigeria's huge natural gas reserves and the existing refineries support the Nigerian petrochemicals industry. Kaduna, Warri and Eleme are hubs for petrochemicals production in Nigeria. The state-owned Nigerian National Petroleum Corporation (NNPC) is the dominant player in the industry and has enjoyed a monopoly in chemicals and petrochemicals trade. The government is trying to restructure NNPC to separate the regulatory and commercial functions and make the organisation more efficient and productive. The sector has suffered considerably since 2006, due to rebel attacks affecting the country's four oil refineries. The two refineries at Kaduna and Warri, on which much of the petrochemicals production depends, have suspended operations since early 2006.

Industry Developments

The two refineries at Port Harcourt are only producing heavy fuel oil, and their crude oil throughput is less than 150,000 barrels per day (b/d), compared to a nominal capacity of 210,000b/d. In May 2007, these two refineries and the Kaduna oil refinery were privatised, when a 51% stake in them was sold to local company The Bluestar Oil Services Consortium, which paid US$561mn for a 51% stake in Port Harcourt refinery and US$160mn for a 51% stake in Kaduna refinery. However in July 2007, the investors withdrew from the process due to widespread opposition to the deal. The government is also planning a new set of regulations for the oil and gas sector. In September 2007, it was announced that the Kaduna and Warri refineries would reach 100% capacity utilisation from the current 60%. In October 2007, the government of the Niger state (in western Nigeria) and German company Shark-Petroleum and Investment signed an agreement for the construction of a US$1.8bn refinery in the state.

Key Challenges

Militancy and labour problems lead to frequent disruptions and erratic production in the Nigerian petrochemicals industry. Frequent breakdowns, a high level of downtime and erratic feedstock supplies continue to impede the development and growth of the industry. Inefficient management along with an ill-trained workforce and obsolete infrastructure contribute to the problems faced by the industry. Nigeria is radically restructuring NNPC and the energy sector under a new oil and gas policy, which is likely to be implemented in 2008. Major changes are scheduled in the Department for Petroleum Resources, the Ministry of Petroleum Resources and the Petroleum Products Price Agency, which regulates domestic pump prices.

Contents

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Chapter 1 - Executive Summary

Industry Overview

Industry Developments

Key Challenges

Industry Outlook

Nigeria Petrochemicals Industry SWOT

Chapter 2 - Market Overview

Market Structure

Table: Phased Implementation of Petrochemical Plants – Capacity in (‘000 tpa)

Table: Nigeria Petrochemical Sector – Cracker Capacity Data And Forecasts

Main Challenges

Chapter 3 - Industry Trends And Developments

Privatisation and FDI

Focus On The Chinese Market

Private Sector Participation Imperative For Sector Growth

NAFCON Bidding

Projects And Contracts

Proposed Projects

Chapter 4 - Industry Forecast Scenario

Table: Nigeria Petrochemicals Sector – Historical Data And Forecasts

Chapter 5 - Economic Outlook

Table: Nigeria – Macroeconomic Forecasts

Chapter 6 - Company Monitor

Nigerian National Petroleum Corporation (NNPC)

Viva Methanol/Axinova Polyolefins

Eleme Petrochemicals Company (EPCL)

Chapter 7 - BMI Forecast Modelling

How we generate our industry forecasts

Chemicals & Petrochemicals Industry

Cross checks

Competitive Landscape for Middle East & Africa Petrochemicals Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by US$ sales, % market share, employee size, registration date and ownership structure. Company SWOTs (Strengths, Weaknesses, Opportunities, Threats) on all leading international and national operators in each market, including competitive intelligence in the following: Overall geographic presence, competitive positioning against local companies; production capacity, sales and market share; joint ventures, foreign direct investment, projects and acquisitions strategy.

 

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