According to Riyadh Economic News on March 26, prices of petrochemical products in Asia have continued to rise, and Japanese buyers have managed to protect product transportation after the earthquake and tsunami, while pipelines and air transport on which petrochemical products rely have been largely restricted. Relief supplies arrived in the disaster area on time.
With the start of post-earthquake reconstruction work, Japan’s demand for petrochemical products will reach its peak. Saudi Petroleum Corporation and Saudi Basic Industries Corporation, which have a strategic partnership with Japan, will increase the export of petrochemical products to Japan in the coming months.
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