Bahrain-based Gulf Petrochemical Industries Company (GPIC) said it has achieved a daily production rate of 2,039 tonnes of urea – the highest since it began operations in 1998.
Company president Dr Abdulrahman Jawahery annou
The Arab region is now one of the key urea exporting areas in the world with a share of almost 34 per cent of the total trade, said a leading regional expert at a fertilisers industry forum.
"This share is set to grow thanks
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) ,
Saudi Arabian Fertilizer Company (Safco) reported a 5.1 per cent fall in third-quarter net profits on Saturday, beating analyst forecasts, but citing low urea prices for the drop in income.
The affiliate of Saudi Basic Industries
The Gulf Petrochemical Industries Company (GPIC) has, for the first time, exported 20,000 tonnes of urea to Sudan.
Company president Abdulrahman Jawahery said the new deal came about as a result of talks between the company and Su
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
GPIC's urea plant marked yet another milestone by achieving production target of 628,350 metric tonnes.
This was the planned target quantity for this year, and the highest since the inauguration of the plant by His Royal Highness the P
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