Tuesday 16 September 2014
 
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petrochemical

Saudi industries receive $269bn loans

Saudi Arabia’s state-run financing agencies have so far distributed industrial loans worth SR1.01 trillion ($269 billion) to 6,751 firms in the kingdom, according to local news reports. The loans were distributed under 23 industri

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US shale boom ‘hurting Mideast petchem industry’

The increased competitiveness of the US petrochemical industry due to the discovery of large reserves of shale gas has impacted the Middle East, which is already grappling with reduced natural gas supplies, a report said. The adve

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Industries Qatar profit down 38pc

Industries Qatar (IQ) reported a 38 per cent drop in second-quarter net profit on Sunday, missing analysts' forecasts. The Gulf's second-largest chemical producer by market value made a net profit of 1.25 billion riyals ($

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Saudi petchem sector ‘well-positioned’ against challenges

The Saudi petrochemical sector remains well positioned regionally and is driven globally by a positive demand outlook, according to an NCB report.   The latest Saudi Petrochemical Sector report from the NCB Economics Departmen

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Sabic Q2 profit rises 7pc to $1.72 billion

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups and the Gulf's largest listed company, reported a 7 percent increase in second-quarter net income on Sunday, matching analysts' forecasts.

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Safco posts fifth straight profit decline

Saudi Arabian Fertilizer Co (Safco) posted a fifth-straight decline in quarterly earnings on Sunday, missing analyst estimates with a 7.8 percent fall in second-quarter net profit after higher sales failed to make up for lower prices.

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GPIC posts record production in H1

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has reported record production for the first half of the year. The petrochemical company saw its total exports of ammonia, urea and methanol hit 557,000 tonnes for the fir

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GPIC wins top British health-safety award

Bahrain-based petrochemicals major GPIC has won the British Royal Society for the Prevention of Accidents (RoSPA)'s health and safety award for the chemicals sector. At an event held under the patronage of British Queen Elizab

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WORLD FIRST: Sabic to build oil-to-chemicals complex

Saudi Basic Industries Corp (Sabic) said it was in the last stages of preliminary studies for the construction of the world’s first oil-to-chemicals (OTC) complex in Saudi, whose operations was likely to start by the end of 2020.

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WORLD FIRST: Sabic to build oil-to-chemicals complex

Saudi Basic Industries Corp (Sabic) said it was in the last stages of preliminary studies for the construction of the world’s first oil-to-chemicals (OTC) complex in Saudi, whose operations was likely to start by the end of 2020.

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