Thursday 31 July 2014
 
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Ammonia

Safco Q3 net profit falls 36pc

Saudi Arabian Fertilizer Co (Safco) said on Monday that its third-quarter net profit fell 36 per cent on lower sale prices, in line with analysts' average forecasts. The company, a unit of Saudi Basic Industries Corp (Sabic) ,

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Ammonia leak at Shanghai plant leaves 15 dead

A liquid ammonia leak from a refrigeration unit at a cold storage facility in Shanghai on Saturday has killed 15 people and injured 26 others, local authorities said. The leak occurred at 10:50 am local time (0250 GMT / 10:50 p.m.

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GPIC reports $212m profits

  The Bahrain-based Gulf Petrochemical Industries Company (GPIC) reported a profit of $212 million last year, which will be distributed to its shareholders, it has been revealed.   The company manag

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Saudi Maaden Q4 net profit surges 45pc

Saudi Arabian Mining Company (Maaden) posted a forecast-beating 45 per cent increase in its fourth-quarter net profit after it began production of ammonia and di-ammonium phosphate, it said in a bourse statement on Sunday. The sta

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Saudi Maaden Q3 income soars on high prices

Saudi Arabian Mining Company (Maaden) reported a forecast-beating third-quarter profit on Wednesday, helped mainly by higher prices of its core products and the start up of big new production lines. The state-controlled minerals f

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Bahrain plans petchem factories worth $1.5bn

Bahrain plans to set up two factories specialised in producing urea and ammonia at an outlay of $1.5 billion, said Energy Minister Dr Abdulhussain Mirza. The package is part of a plan to expand the Gulf Petrochemicals Industries Company.

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Saudi Safco Q3 net doubles, beats forecasts

Saudi Arabian Fertilizer Company's (Safco) third-quarter net profit doubled, beating analyst forecasts, after prices for its products rose globally, the company said in a bourse statement on Sunday. Safco, which produces urea and ammon

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Qafco expansion deals awarded

Qatar Fertiliser Company (Qafco) has awarded the engineering, procurement and construction (EPC) contract for its $3.2bn expansion at Mesaieed to an Italian-South Korean consortium of Snamprogetti and Hyundai Engineering & Construction Company

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Samsung wins $946m Saudi deal

Samsung Engineering & Construction Co. said it will sign a $946 million deal to set up an ammonia plant in Saudi Arabia. Samsung said in a filing to the Korea Exchange that it had submitted a letter of intent for the project and was se

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