Sunday 5 July 2015
 
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fertilizer

Safco's new urea plant delayed further

The start-up of a new urea plant owned by Saudi Arabia Fertilizers Company (Safco) has been pushed back further and is now expected by the end of June, Safco said on Sunday. "The plant is still in the trial operations stage a

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GE Oil & Gas unit wins Qafco optimisation deal

GE Oil & Gas today announced that its Downstream Technology Solutions (DTS) business has been awarded a long-term service contract with Qatar Fertiliser Company (Qafco) to help optimise the performance of the company’s fertilizer plant

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GE Oil & Gas unit wins Qafco optimisation deal

GE Oil & Gas today announced that its Downstream Technology Solutions (DTS) business has been awarded a long-term service contract with Qatar Fertiliser Company (Qafco) to help optimise the performance of the company’s fertilizer plant

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Safco Q4 net profit falls 3pc, misses forecasts

Saudi Arabian Fertilizer Company (Safco) reported a 3 per cent drop in fourth-quarter net profit on Monday, missing analyst forecasts due to lower ammonia sales and reduced profits from a sister company. The company, a unit of Sau

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Safco Q4 net profit up 25pc to $453m

Saudi Arabian Fertilizers Company (Safco) reported a fourth quarter net profit of 1.27 billion riyals ($453 million) on Wednesday, a 25 percent rise over the same period of the previous year that it attributed to a rise in fertiliser prices and sa

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Safco Q2 profit falls 13pc; misses forecast

Saudi Arabian Fertilizers Co (Safco) on Sunday said its quarterly net profit fell 13 percent, missing analysts expectations for the second straight quarter. Safco made 790 million riyals ($210.7 million) in the second  quarter, compar

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Sinochem seeks govt support for Potash bid

Chinese chemical conglomerate Sinochem Group has formally asked the government to back a bid for Canada's Potash Corp, a local newspaper reported on Sunday.    The Economic Observer cited sources close to the deal as sa

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Safco appoints new managing director

Saudi Fertilizers Co (Safco) said on Wednesday managing director Abdul-Aziz Al-Majed would step down and be replaced by Fahad Al-Otaibi. The announcement comes after the urea and ammonia producer posted on Saturday a 60 percent drop in sec

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Lower prices hammer Safco profit

Saudi Fertilizers Co (Safco) said its net profit fell sharply in the second quarter on lower global prices but its stock closed up after the firm gave a dividend that was higher than its earnings per share. Safco made a net profit of 480 m

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Forum to probe safety in fertiliser industry

The International Fertiliser Association (IFA) will hold its first Safety, Health and Environment Conference for the fertiliser industry from March 14 to 18 in Bahrain. The event will be held under the patronage of Oil and Gas Affairs Mini

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