Monday 21 April 2014
 
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fertilizers

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

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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

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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

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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

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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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