Wednesday 26 November 2014
 
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petrochemicals

$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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Egypt to invest $14.5bn in petrochemicals, refining

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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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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Saudi petchem, retail stocks to drive investor appeal

Saudi Arabia’s energy-related stocks such as petrochemicals as well as underpenetrated consumer markets such as retail will see immediate investor interest when the kingdom opens its $700 billion equity market to foreigners in early 2015,

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Sabic 'committed to sustainability, value creation'

Saudi Basic Industries Corporation (Sabic) has released its 2013 Sustainability Report, entitled ‘Creating Lasting Value’, reflecting the company’s commitment to continuously create more sustainable business processes and more

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