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Friday, October 26, 2018

China is trying to snare petrochemical businesses from Singapore now.

https://finance.yahoo.com/news/big-oil-woos-china-24-210000913.html

Singapore is a petrochemical hub because it is the world's 3rd largest oil refinery.

However, I believe China will displace Singapore in the future because it is the largest energy consumer in the world now and has all the right conditions to develop its own petrochemical hub to displace Singapore.

https://www.iea.org/countries/singapore/

https://ycharts.com/indicators/singapore_oil_refinery_capacities

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