Oil is considered one of the most important resources for providing the necessary financial returns to transform economic and social development plans.
Oil has played an important and major role in supporting development since its discovery until now, whether on the level of producing or importing countries. Oil is considered a strategic commodity and a basic material in industry, and it has an effective impact in various economic, social and environmental aspects. Oil contributes effectively to economic development through the oil revenues it provides to finance consumer and service goods. It can be exploited to build an industrial base as it is one of the necessary production elements for any other industries, as well as providing many job opportunities in exporting and importing countries.
As a result of the high levels of oil exports, it had a major impact on human development in the areas of industry, agriculture, and services.
There is extreme importance for the development of the hydrocarbon and petrochemical industry, the pharmaceutical and food industries, fertilizers, detergents, dyes, batteries, polymers, oils, resin and plastics. The process of ridding the environment of pollutants and water treatment.
Because of the challenges that the world faces currently and in the future, represented by energy problems, environmental problems, health care, job creation, and environmental problems, the importance of paying attention to the chemical and petrochemical industry and its role in creating new ideas in developing this industry and improving services, which provides job opportunities, preserves the environment, and supports the economy.
Many countries have begun to develop their chemical and petrochemical industries by establishing or planning to establish new and advanced projects. The chemical and petrochemical industries are considered among the most developed industries due to their dependence on natural resources represented by oil, gas and minerals. The chemical fertilizer industry is considered one of the important inputs to agricultural production, especially with regard to improving soil and feeding plants (urea, ammonia, compound and liquid fertilizers).