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Sipchem picks HSBC as adviser for Sahara mergerSaudi International Petrochemical Co (Sipchem) has picked HSBC Holdings to advise on the firm's proposed merger with Sahara Petrochemical , three banking sources said. Mergers between two listed Saudi entities are rare: consol More… |
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Sipchem unit secures loan for new projectSaudi International Petrochemical Company (Sipchem) said its affiliate, International Polymers Company (IPC), has signed a SR704 million ($188 million) loan deal with the Public Investment Bank (PIF) to fund its More… |
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QP inks tech licence deal for petchem plantQatar Petroleum said it has signed the technology licence contract with and Qatar Petrochemical Company Limited (Qapco) for the upcoming Al Sejeel Petrochemical Complex at Ras Laffan Industrial City. The duo had early last year si More… |
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Qapco wins $296.2m loan facilityQatar Petrochemical Company (Qapco), one of the country's leading industrial firms, said it has secured a QR1.1 billion ($296.2 million) loan from Barwa Bank to boost capacity expansion at its plant and also support its working capital. More… |
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Qapco wins $296.2m loan facilityQatar Petrochemical Company (Qapco), one of the country's leading industrial firms, said it has secured a QR1.1 billion ($296.2 million) loan from Barwa Bank to boost capacity expansion at its plant and also support its working capital. More… |
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Saudi shares climb on Sabic projectSaudi shares closed up nearly half a per cent after Saudi Basic Industries Corp (Sabic) announced plans for a 16-billion riyal ($4.23 billion) investment in steel plants. The all-share index rose 0.42 per cent. Petrochemical share More… |
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Petchem duo Sahara, Sipchem mull mergerSaudi Arabia's Sahara Petrochemical and Saudi International Petrochemical Co (Sipchem) said on Tuesday they had begun initial talks on a potential merger. The Zamil Hol More… |
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US imposes sanctions on Iran's petrochem industryThe United States has blacklisted eight companies in Iran's petrochemical industry, sending a warning to the Islamic Republic's global customers as Washington strives to cut off funds to the country's More… |
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Iran's petrochem revenue surges to $2bnIran has earned up to $2 billion in revenue from its petrochemical projects since the beginning of the new Iranian year which started on March 21, 2013, said a report citing a top industry official. Five petrochemical projects hav More… |
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GCC exports over 80pc of petchem productionThe Gulf countries export more than 80 per cent of their petrochemical production including ethylene glycol, styrene monomer and paraxylene to overseas markets, said a senior industry expert. “These exports have included ove More… |
