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Petrochemical Companies in Doha Qatar


Why Are Petrochemicals Important? The Role of the Petrochemical Industry in the US Economy

Throughout the years, the petrochemical industry has developed a negative reputation. However, you shouldn’t believe everything the media tells you. So why are petrochemicals important and how do they affect the US economy?

In reality, the petrochemical industry is one of the most beneficial things in our lives. They’re responsible for creating many of the items we use every day. But most importantly, the petrochemical industry plays a huge role in benefiting the United States economy.

Here’s how the petrochemical industry plays a role in the US economy.

Contributions to the US Economy

Why Are Petrochemicals ImportantWith the industry’s vital role in energy supply and increasing energy demands, the petrochemical industry has becoming one of the fastest-growing industries in the United States. In fact, according to a report by the American Petroleum Institute (API), the petrochemical industry’s success has provided the country with great economic contributions.

The reports states that the industry supports about $1 trillion in total value added to the economy. This represents 7.3% of US gross domestic product (GDP).

In addition, oil and natural gas companies are paying more taxes and fees than other manufacturing companies. The industry has paid the US government an average of $86 million a day in income taxes and production fees, which totals to more than $110 billion since 2000.



Export and Trade

According to a report by the API, the United States became a net exporter of petroleum in 2011 with help from investments. Since then, the oil and petrochemical industry has greatly benefited the United States economy. For example, the report states that industry exports in 2011 provided the country with about $111 billion.

On top of that, another report by the US Department of Commerce’s Economic and Statistics Administration showed that since the country became a net exporter, the United States trade surplus was worth about $4.2 billion.



Increased Job Creation

Most importantly, the petrochemical industry has worked increase job opportunities across the country.

Petrochemicals are used to create most of the everyday items we use. From vehicles to a variety of electronics, almost all of the things we use today are powered by or made of petrochemicals. Increasing product demands have led to the creation of more refineries and plants and thus the creation of more jobs.

In fact, according to the API, “The oil and natural gas industry is the backbone of the American economy.” The industry creates and supports more than 9 million American jobs.

On top of that, the petrochemical industry is expected to becoming the leading industry in job creation. It’s predicted to create about 700,000 jobs by 2030. Plus additional offshore opportunities may result in 100,000 new jobs in Florida by the end of the year.

All of these new job opportunities will lead to increased government revenue. It’s predicted that the petrochemical industry could add up to $171 billion to the United States revenue by 2030.

Why Are Petrochemicals Important?

There has been a slew of negative media surrounding the petrochemical industry. But regardless of what everyone is saying, the petrochemical industry will play a huge role in benefiting the United States economy now and for years to come. For Source info, Click here!

BASE OIL

BITUMEN PRODUCTS

FUEL OIL




Find below a list of the top Petrochemical Companies in Doha, Qatar:

  • CTCI CORPORATION QATAR
    Location: C - Ring road, Al Emadi Business Centre,
    Phone: 44517383
    Timings:8am - 5pm
    Key Personnel:Lance Chang, Adm Manager
  • HAWAR GROUP
    Location: OLD AIRPORT RD,
    Phone: 44440303;44440304
    Timings:8.00-1.00/3.00-6.00
    Key Personnel:Emad Al Darwish , Chairman
    Turgay Ceylan , Civil Engg Mngr
    B P Kamath , Fin Mngr
    Arshad Hussain , Office Mngr
    Abdel Maksoud , Legal Dept
  • INSPECTA INTERNATIONAL
    Location: Al Wakra Area, Abdul Raham Bin Jasim Street,
    Phone: 55954067
    Timings:8am - 5pm
    Key Personnel:Hany Ahmed, Ops Manager
  • MARUBENI CORPORATION
    Location: Al Abdulghani Tower, Airport Rd,
    Phone: 44083555
    Timings:7.30AM-4.00PM : SUN-THUR
    Key Personnel:TAKESHI KAMAKI, M D
  • QATAR PETROCHEMICAL COMPANY(QAPCO)
    Location: C RING RD,
    Phone: 40338000;44777111
    Timings:6.30AM-2.30PM
    Key Personnel:MOHAMMED YOUSEF AL MULLA , C E O
    AHMED YASEEN, HR MNGR
  • QATAR VINYL CO LTD QSC
    Location: Mesaieed Ind City,
    Phone: 44765888
    Timings:7.00AM-3.00PM : SUN-THUR
    Key Personnel:MOHAMMED YOUSEF AL MULLA , C E O
  • SEEF LIMITED
    Location: Mesaieed,
    Phone: 44223565
    Timings:


Related Tags:
Petrochemical Companies in Doha Qatar | Ctci Corporation Qatar in Doha Qatar | Hawar Group in Doha Qatar | Inspecta International in Doha Qatar | Marubeni Corporation in Doha Qatar | Qatar Petrochemical Company(qapco) in Doha Qatar | Qatar Vinyl Co Ltd Qsc in Doha Qatar | Seef Limited in Doha Qatar |  Qatar Directory on Facebook |  Qatar Directory on Twitter |  Qatar Directory Online

PETROCHEMICAL PRODUCT SUPPLIERS

Petrochemical Companies in Doha Qatar


Find below a list of the top products suppliers of Petrochemical Product Suppliers in Doha, Qatar:

  • BECON
    - Bitumen Products, Base Oil, Fuel Oil




Related Tags:
Petrochemical Product Suppliers products in doha qatar | BECON Products in Doha Qatar |  Qatar Directory on Facebook |  Qatar Directory on Twitter |  Qatar Directory Online



Author

Chantelle D'Mello

Chantelle D'mello is an avid writer with over four years of hard news experience as part of the award-winning Doha News team. She's previously worked at Al Jazeera and the Huffington Post, and hopes to bring her passion for writing to the Qatar Oil and Gas Directory.

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