IHS Chemical Week

Archives :: World News and Views :: Mideast/Africa

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February 15, 2016
Yanbu National Petrochemical Co. (Yansab), a Sabic affiliate has reported a major drop in profits in 2015. Net profit tumbled 51.35% to 1.207 billion Saudi riyals ($321.9 million)...
February 15, 2016
Saudi Kayan, a Sabic affiliate, has awarded a contract to CTCI Corp. (Taipei) for the construction of an additional cracking furnace at its petrochemical complex at Jubail Industrial...
February 12, 2016
Equate Petrochemical Co. (Kuwait City) reports a fall in 2015 net profit to $739 million from $1.04 billion  in 2014. The company cites volatility in oil and petrochemical...
February 11, 2016
Clariant says that  construction has begun on a previously announced masterbatches plant at Yanbu, Saudi Arabia. The project is a joint venture between Clariant and Rowad National...
February 11, 2016
Lanxess and Saudi Aramco say that all relevant antitrust authorities have cleared their previously announced synthetic rubber joint venture, and the jv will be launched on 1 April...
February 9, 2016
Israel Chemicals Ltd.'s (ICL; Tel Aviv) fourth-quarter 2015 net income was $96 million, up from $86 million one year earlier, mainly due to higher prices in the bromine value chain and...
February 9, 2016
Kuwait Styrene Co. (Kuwait City), a joint venture between Kuwait Aromatics Co. and Dow Chemical and the only producer of styrene in Kuwait, on Tuesday announced a 23% decline in 2015...
February 8, 2016
Saudi Kayan, a Sabic affiliate, on Monday reported large 2015 losses. Net loss rose to 1.243 billion Saudi riyals ($331.5 million) from a net loss of SR44.7 million in 2014. Operating...
February 8, 2016
Saudi International Petrochemical Co. (Sipchem; Al Jubail) said on Monday that it has completed the acquisition of Ikarus Petroleum Industries Co.’s (Shouweikh, Kuwait) stake in...
February 5, 2016
Industries Qatar (IQ; Doha), a conglomerate with interests in petrochemicals, fertilizers, and steel, reported a 30% decline in net profit to 4.4 billion Qatari riyal ($1.21 billion)...
February 4, 2016
Office Chérifien des Phosphates (OCP; Casablanca) has inaugurated a fertilizer production unit, named Africa Fertilizer Complex, at Jorf Lasfar, Morocco. OCP invested a total of...
February 4, 2016
Advanced Petrochemical Co., a producer of polypropylene, has released its annual financial earnings results. Net profit in 2015 was 5.05% down at 713.03 million Saudi riyals ($190.11...
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