Monday 27 April 2015
 
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petrochemicals

Industries Qatar Q1 profit plunges 40pc

Petrochemicals and metals company Industries Qatar (IQ) posted a 40 per cent drop in first-quarter net profit on Monday, missing analysts' forecasts. The Middle East's second-biggest petrochemicals company by market value,

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QP to go ahead with petchem expansion plans

Qatar Petroleum (QP) will go ahead with plans to expand and develop the petrochemical sector in the county after a deal with Shell to develop a $6.4 billion plant was shelved yesterday (January 14), a report said. QP will be condu

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GCC petrochem output doubles in 10 years

The petrochemical sector in the GCC saw a compound annual growth rate (CAGR) of about 11 per cent over the past 10 years, driven by enhanced capacities across all major sub-sectors, experts said. The figures were highlighted at a

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China to step up free trade talks with Middle East

China will speed up free trade talks with the Gulf Cooperation Council (GCC) states, state media said on Tuesday, as Beijing accelerates efforts to sign such agreements. China and members of the GCC - Bahrain, Kuwait, Oman, Qatar,

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$60bn worth petchem projects to boost Saudi Arabia

Over $60 billion worth petrochemical projects in pipeline are set to boost Saudi Arabia’s local sector, says a report.   Meed, the Middle East Business Intelligence, lists 26 projects worth $15 bil

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Mideast to see big growth in ethylene production

Following a growth rate of 9.1 per cent per annum between 2005 and 2013, the Middle East has become a centre of the global ethylene industry, a report said, adding that production volume in the region is projected to increase by up to another 10

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Mideast chemicals market to outpace global growth

The Middle East chemical industry is projected to grow at a faster pace than the global growth until 2020, with petrochemicals and fertilisers registering Compound Annual Growth Rate (CAGR) of 8.3 per cent and 6.7 per cent, respectively, a repor

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Sabic Q3 profit falls 4.5pc to $1.65bn

Saudi Basic Industries Corp (Sabic), earned SR6.18 billion ($1.65 billion) in the third quarter of the year, compared to SR6.47 billion ($1.72 billion) in the year-earlier period, marking a fall of 4.5 per cent. Sabic, which is 70

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Industries Qatar Q3 profit rises 5pc, halting profit slide

Industries Qatar (IQ) reported a 5 per cent rise in third-quarter net profit on Monday, above analysts' forecasts, halting a sustained slide in profits. The Middle East's second-biggest petrochemicals company by market val

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Egypt to invest $14.5bn in oil, petchem sectors

Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company prof

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