[Ocean Chemical Discussion] Why the Middle East* * Are they all selling crude oil instead of refining and processing it?
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Arab* * To be precise, we sell crude oil, not various products after passing through the refinery, such as petroleum gas, gasoline, diesel, kerosene, asphalt, etc. This kind of product processed from crude oil is more expensive than crude oil. Why not produce it directly?
It is relatively easy to make money this way, as there is plenty of crude oil.
Wouldn’t it be better to make more money by doing further processing yourself?
It seems that there is no industrial capacity, and all the technology must come from foreign countries. Saudi Arabia has its own refinery, which is probably enough for its own use.
Maybe it’s because he doesn’t have that time, just like Bill Gates, the richest man, if a hundred dollars dropped on the ground, he didn’t have time to bend down and pick it up.
Middle East now* * There is plenty of money, and technology is everywhere. It shouldn’t be a matter of ability.
Saudi Arabia is beginning to transform, Kuwait, and the United Arab Emirates are also transforming.
That technology probably didn’t exist, but now it does.
Atmospheric pressure distillation is a simple technology, less polluting and more environmentally friendly for the arid and waterless Middle East.； In addition, shipping crude oil or heavy oil by sea is safer than light oil or deeply processed chemical raw materials. For cargo ships, larger tonnage can be used. Even if it leaks, the recovery cost will be smaller.