Sunday 14 February 2016
 
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petrochemical

BASF plans $4bn investment in Iran petchem industry

Germany-based BASF, a leading chemical company, has announced plans to invest around $4 billion in Iran’s petrochemical industry, a report said. The negotiations are underway with BASF to construct a petrochemical township i

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BASF plans $4bn investment in Iran petchem industry

Germany-based BASF, a leading chemical company, has announced plans to invest around $4 billion in Iran’s petrochemical industry, a report said. The negotiations are underway with BASF to construct a petrochemical township i

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PetroRabigh posts wider Q4 net loss on shutdown

Saudi Arabia's Rabigh Refining and Petrochemical Company (PetroRabigh) reported a wider net loss in the fourth-quarter on Thursday due to maintenance work at the complex for much of the period. The firm, a joint venture betwee

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PetroRabigh posts wider Q4 net loss on shutdown

Saudi Arabia's Rabigh Refining and Petrochemical Company (PetroRabigh) reported a wider net loss in the fourth-quarter on Thursday due to maintenance work at the complex for much of the period. The firm, a joint venture betwee

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Saudi petrochemical groups hit by oil price fall

Saudi Arabian petrochemical firms felt the full impact of lower oil prices in results posted on Thursday, with Saudi Arabia Fertilizers Co (Safco) reporting its fourth-quarter net profit fell by more than half.  

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Yansab Q4 net profit down 36.4pc

Saudi Arabia's Yanbu National Petrochemical Company (Yansab) beat analysts' forecasts on Thursday despite reporting a 36.4 percent drop in fourth-quarter net profit as lower product prices dragged earnings. The firm, a sub

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Yansab Q4 net profit down 36.4pc

Saudi Arabia's Yanbu National Petrochemical Company (Yansab) beat analysts' forecasts on Thursday despite reporting a 36.4 percent drop in fourth-quarter net profit as lower product prices dragged earnings. The firm, a sub

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Emerson to automate Tahrir petchem project in Egypt

Emerson Process Management has been selected to provide automation and reliability technologies and services for Carbon Holdings’ Tahrir Petrochemicals Project at Ain Sokhna, Egypt.    The announcement

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Petchems drag Saudi to 4-year low

Middle East bourses slumped on Tuesday in a broad sell-off as investors cashed out, with petrochemicals the main drag on Saudi Arabia's index and blue-chips weighing elsewhere. Brent crude had slipped towards $30 a barrel to a

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Saudi energy reforms to cost Sipchem $32m

Saudi International Petrochemical Company (Sipchem) said on Tuesday that changes to energy and gas feedstock prices announced by the government last week would impact its financials by around SR120 million ($32 million). The mid-s

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