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) ,
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.
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.
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
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.
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
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
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