Monday 22 September 2014
 
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petrochemical

Qatar shelves major petrochemicals project

Industries Qatar, a leading petrochemical firm in the Gulf, said it had put its multi-billion-dollar Al Sejeel petrochemical complex project on hold and was studying a new scheme instead that would yield better returns. The compan

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Qatar shelves major petrochemicals project

Industries Qatar, a leading petrochemical firm in the Gulf, said it had put its multi-billion-dollar Al Sejeel petrochemical complex project on hold and was studying a new scheme instead that would yield better returns. The compan

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Saudi plastic, print expos target Western region boom

The growing demand for plastics, printing and packaging products in Saudi Arabia's Western Region will be the focus of two exhibitions which will run concurrently in Jeddah next year. Saudi Plast & Petrochem, the 12th inte

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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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