Kuwait-based Qurain Petrochemicals Industries Company (QPIC) has registered a net loss of KD1.9 million ($6.85 million) for 2010 compared to KD7.09 million ($24.8 million) net profit in the same period the previous year.
The company announ
Kuwait-based Qurain Petrochemicals Industries Company (QPIC) has registered a net loss of KD1.58 million ($5.64 million) for the first nine months compared to KD7.79 million in the same period last year.
The company's net earning
Kuwait's Qurain Petrochemicals said it expected costs for an Algerian methanol plant contract it has won as part of a consortium to amount to $700 million.
Algeria officials had put the costs of the plant, which Qurain will build with a co
Shares in Kuwait's Qurain Petrochemicals almost quadrupled in their market debut, after an initial public offering which ranked as the Gulf state's biggest-ever share issue.
Qurain had sold 990 million shares at 100fils each for 99m dinars