Thursday 24 April 2014
 
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petrochemicals

Sabic Q1 profit falls 1.8pc to $1.72bn

Profit at Saudi Basic Industries Corp (Sabic), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower product prices offset rises in production and sales volumes. Sabic m

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Iran to increase gasoline imports by March 2015

Iran aims to increase it gasoline imports by March 2015, a senior Iranian oil official said on Thursday, as the country has stopped using domestic petrochemical plants to produce the fuel. Imports are a sensitive subject for energy-rich

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Saudi plans oil-to-chemicals plant at Yanbu

Saudi Arabia plans to build a plant able to turn crude directly into chemicals, without first having to refine the oil, Saudi Oil Minister Ali al-Naimi said on Tuesday. Development of the Saudi petrochemical sector is part of Riya

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Petchem development focus for Doha summit

A range of topics pertaining to developments in feedstocks, production, petrochemical value chain and operational optimisation will form the agenda for an upcoming petrochemicals summit in Doha. Organised by Fleming Gulf, the four

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EU petchem the next victim of cheap US gas

Europe's petrochemical industry will face a competitive assault as US rivals emerge with cheap feedstock from the shale gas boom. It can look to the refining industry now for a taste of what is to come. Refinery closures have

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GCC fertiliser industry 'must diversify portfolio'

The fertiliser manufacturers in the GCC region must diversify their portfolios to withstand future oil and gas feedstock challenges, said a top industry official. "GCC producers must diversify their fertiliser portfolio to in

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Oman ‘to invite bids for $3.5bn steam cracker’

Oman plans to invite bids to build a steam cracker plant worth $3.5 billion with a production capacity of one million tonnes a year of petrochemical products, two sources close to the project said on Tuesday. The planned cracker w

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Saudi petchem investment close to $1trn

Investments into Saudi Arabia’s petrochemical sector have reached SR3.6 trillion ($959 billion), thus making it a primary source of material for related products such as packaging and plastic, said organisers of an upcoming expo in Riyadh.

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Lower costs to drive Saudi petchem earnings

Improved operational efficiencies and lower risk and multiples expansion as well as lower feedstock cost will drive the net income of the top 10 petrochemical stocks in Saudi Arabia in 2013, a report said. The total net income of

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Industries Qatar Q1 profit surges to $714m

Petrochemicals and metals company Industries Qatar (IQ) posted a 36.8 per cent rise in first-quarter net profit on Monday, beating analysts' expectations. The Gulf's second-largest chemical producer by market value after S

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