Wednesday 22 April 2015
 
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petrochemical

Tasnee to cut costs, revise contracts after Q1 loss

Saudi Arabia's National Industrialization Company (Tasnee) said on Monday it would cut costs and revise foreign exchange and derivatives contracts at a subsidiary after swinging to a first-quarter loss. The diversified industr

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Sipchem Q1 net profit up 17.3pc

Saudi International Petrochemical Company (Sipchem) reported a 17.3 per cent increase in first-quarter profit, missing analysts' estimates. Sipchem made a profit of SR80.6 million ($21.5 million) in the three months to March 3

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Sipchem Q1 net profit up 17.3pc

Saudi International Petrochemical Company (Sipchem) reported a 17.3 per cent increase in first-quarter profit, missing analysts' estimates. Sipchem made a profit of SR80.6 million ($21.5 million) in the three months to March 3

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Sabic Q1 revenues down 28pc to $9.48bn

Revenues at Saudi Basic Industries Corp (Sabic) plunged 28 per cent from a year earlier to SR35.56 billion ($9.48 billion), and dropped 18 per cent from the previous quarter, acting chief executive Yousef Abdullah Al-Benyan said on Sunday.

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Sabic Q1 revenues down 28pc to $9.48bn

Revenues at Saudi Basic Industries Corp (Sabic) plunged 28 per cent from a year earlier to SR35.56 billion ($9.48 billion), and dropped 18 per cent from the previous quarter, acting chief executive Yousef Abdullah Al-Benyan said on Sunday.

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Saudi Butanol plant to start trial operations in Q3

Saudi Butanol Company, a joint venture of local petrochemicals firms, is expected to start trial operations at its plant in Jubail in the third quarter of 2015, one of the shareholders said on Tuesday. "Construction of the pl

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Qatar firms to buy 49pc of China petchem stake for $5bn

Qatar's Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed an initial deal to acquire 49 per cent of China's Shandong Dongming Petrochemical Group worth $5 billion, executives from the firms s

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Sipchem set to begin output at new plastics plant

A unit of Saudi International Petrochemical Company (Sipchem) will start commercial operations at its ethylene-vinyl acetate (EVA) and low-density polyethylene plant on Wednesday, Sipchem said. Last year, Sipchem started testing t

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Saudi Kayan extends olefins unit shutdown in Jubail

Saudi Kayan Petrochemical Co said it had extended the maintenance work on the olefins plant at its petrochemicals complex in Jubail after a technical fault was discovered. In a bourse filing, the company said repairing the fault w

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GCC petchem industry adopting innovative strategies

Nearly 80 per cent of the GCC region’s major petrochemical and chemical producers have made innovation strategy a key business priority, according to a new survey by the Gulf Petrochemicals and Chemicals Association (GPCA).

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