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Alba Q1 net income surges 89pcAluminium Bahrain (Alba), ranked as one of the largest aluminium smelters in the world, has registered a net income of $108 million for the first quarter, up 89 per cent year-on-year compared to $57 million in 2012 More… |
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Petrobras Q1 profit plunges 17pc, imports soarState-controlled oil company Petroleo Brasileiro (Petrobras) has registered a 17 per cent drop in its first-quarter profit as oil-output fell, imports soared and fuel subsidies ate up cash needed for investment. While the re More… |
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Gulf Opec members not to trim outputThe Gulf oil producers in the Organization of the Petroleum Exporting Countries (Opec) do not see the need to change production levels to support crude prices, said the delegates after benchmark Brent touched nine-month lows on Friday. More… |
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PolyOne opens specialty colorant unit in SaudiPolyOne Corporation, a global provider of specialized polymer materials, services and solutions, joined its Saudi venture partner EA Juffali & Brothers Limited, to open their production facility in Jeddah. Juffali PolyOne Mast More… |
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Staying power in a volatile regionHe is one of the Middle East oil and gas industry’s most powerful men. And probably one of its busier individuals, in charge of a portfolio of strategic interests stretching across the region. But in the relative calm of corporate headquar More… |
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Alba posts solid Q1 sales growthAluminium Bahrain (Alba), ranked as one of the largest aluminium smelters in the world, has registered a solid growth in its overall sales which hit 219,537 metric tonnes (mt) during the first quarter, up 2.2 per cent over 214,891 mt last year o More… |
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GPIC registers solid Q1 growthBahrain-based Gulf Petrochemical Industries Company (GPIC) has achieved its targets in production, export and occupational safety for the first quarter of the year, said a report. Since a major maintenance at the plant carried out More… |
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Opec must prepare for uncertain futureHigh oil and gas prices have unleashed the biggest drilling boom in 30 years. Opec members must prepare for a big increase in oil supplies in the second half of the decade, as well as heig More… |
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Shell to invest $1bn in giant Iraq oilfieldRoyal Dutch Shell has allocated more than $1 billion to develop Iraq's Majnoon oilfield in 2013, the head of the joint management committee for the field said on Saturday. "The figure for the budget will exceed one billio More… |
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Jordan Bromine completes phase I expansionJordan Bromine Company (JBC), a joint venture between Arab Potash Company and US-based Albemarle Holding Company, has announced the completion of the first phase of expansion project aimed at doubling bromine production capacity. More… |
