Sunday 13 July 2014

GCC fertiliser industry 'must diversify portfolio'

The fertiliser manufacturers in the GCC region must diversify their portfolios to withstand future oil and gas feedstock challenges, said a top industry official. "GCC producers must diversify their fertiliser portfolio to in


Indorama signs deal for $1.2bn urea plant

Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) has signed a financing package in Dubai to construct a greenfield $1.2 billion urea fertilizer project in Port Harcourt, Nigeria. The financing for the project includes $80


Safco Q4 net profit plunges 10pc

Saudi Arabian Fertilizers Company (Safco) posted a 10.3 per cent decline in fourth-quarter net profits, missing analyst forecasts, due to lower urea prices, the firm said in a bourse statement on Saturday. Safco, the affiliate of


Moody's affirms Sabic A1 rating

Moody's has affirmed the A1 senior unsecured ratings of Saudi Basic Industries Corporation (Sabic) and its guaranteed subsidiary Sabic Capital with a positive outlook. Moody's affirmation of Sabic's A1 ratings reflects the sign


Saudi Safco plans $1.6 H1/08 dividend

Saudi Arabian Fertilizers Company (Safco) said on Saturday it would give shareholders a cash dividend of 6 riyal ($1.6) for the first half of 2008, double its level a year earlier. The dividend, approved by directors at a board meeting on

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