Thursday 30 July 2015

QPIC posts $14.5m net profit

Kuwait-based Qurain Petrochemical Industries Company (QPIC) posted a net profit of KD4.15 million ($14.5 miilion) for the first quarter of the financial year ended June 30, as compared to KD124,840 made in the same period last year.  


Qurain Petrochemical Q1 profit surges 52pc

Kuwait-based Qurain Petrochemical Industries Company (QPIC) has recorded a 52 per cent jump in its net profit for the first quarter which soared to KD22.61 million ($79.3 million) from KD14.85 million last year. This represented an in


Qurain plans $1bn petchem plant in Saudi

Kuwait's Qurain Petrochemical Industries Co (QPIC) plans to develop a petrochemical plant in Saudi Arabia, expected to cost more than $1 billion, it said on Monday. United Industries Co, a Kipco Group company, is a major shareholder i


Qurain puts Algeria plant costs at $700m

Kuwait's Qurain Petrochemicals Co. expects 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 consort

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