AGP Executive Report
Last update: a minute agoPetrochemical Pressures: Singapore’s petrochemical exports fell 8.3% in September, extending the decline to 19 months. Weak margins, uncertain feedstock supplies and shipping disruption around the Strait of Hormuz cloud the recovery. Refining Investment: Dangote is weighing $10 billion to $15 billion in Egyptian projects, with refining and petrochemicals at the core. Its refinery IPO has drawn investors from 51 African countries, while strong earnings lifted Renaissance Capital’s valuation by 33.4%. China Refining: PetroChina is preparing to restart part of its shuttered Dalian refinery in November to replenish fuel stocks, even as China seeks to shift capacity toward higher-value petrochemicals. European Trade: EU chemicals and related products generated a €257 billion trade surplus in 2025, as exports and imports both rose 7.4%. Industrial Infrastructure: Saudi Arabia is planning another expansion of its Master Gas System beyond 2032, building on a current phase set to add 3.15 billion cubic feet per day of capacity by 2028.
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