Archives :: World News and Views :: Mideast/Africa
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April 20, 2015Sabic on Sunday reported a drop in first-quarter sales and profits but said it will continue with global investments to expand capacity. First quarter net profit declined 39%...
April 19, 2015Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, today reported a 50.3% drop in its first-quarter net profit to 205.4...
April 17, 2015National Petrochemical Company (NPC; Tehran) expects to start up a second 1 million m.t./year ethylene plant at the Kavian petrochemical complex in Assaluyeh, Iran, by September, according to a local news report....
April 17, 2015Yanbu National Petrochemical Co. (Yansab; Yanbu, Saudi Arabia), a Sabic affiliate, said on Thursday that its manufacturing complex at Yanbu will undergo maintenance starting Friday...
April 16, 2015More Saudi firms today announced their first-quarter results. Sahara Petrochemical Co. reported first-quarter net loss of 49.5 million Saudi riyals ($13.2 million) compared...
April 16, 2015Saudi Kayan, a Sabic affiliate, today reported a large loss for the first quarter of this year. Net loss reached 591.64 million Saudi riyals ($157.7 million). This compares with a net...
April 15, 2015Flotek Industries (Houston) and Solazyme (South San Francisco) say that they have entered into agreements to globally commercialize Flocapso, an innovative, advanced drilling fluid...
April 15, 2015Yousef Abdullah Al Benyan, who was appointed as Sabic’s CEO elect on 15 February and who is expected to be confirmed as CEO, has made several organizational changes, CW has...
April 14, 2015Petro Rabigh shareholders have approved Abdulaziz Al Qudaimi as a nonexecutive board member and chairman until the end of the current term. Al Qudaimi replaces Khalid Al Buainain, who...
April 14, 2015Saudi Arabian Fertilizer Co. (Safco), a Sabic affiliate, today reported a decline in first quarter profits. Net profit was down 30.01% to 590 million Saudi riyals ($157.3 million)...