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February 21, 2013
National Petrochemical Company (Petrochem; Riyadh) has announced the audited consolidated financial results for the full-year ended 31 December 2012. The company reported a net loss of...
http://www.chemweek.com/regions/middle_east/Saudi-Arabias-Petrochem-reports-huge-losses-in-2012_49988.html
February 21, 2013
The International Council of Chemical Associations (ICCA; Brussels) has objected to the findings of the recently published World Health Organization-United Nations Environment...
http://www.chemweek.com/regions/middle_east/ICCA-UN-report-fails-to-meet-scientific-work-standards_49991.html
February 21, 2013
Indorama Eleme Fertilizer & Chemicals (Port Harcourt, Nigeria) has secured a $375-million financing package from the International Finance Corp. (IFC; Washington), a member of the...
http://www.chemweek.com/regions/africa/algeria/Indorama-Eleme-secures-$375-million-loan-for-fertilizer-plant-in-Nigeria_49989.html
February 20, 2013
Petro Rabigh (Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, today announced its audited financial results for full-year 2012. The...
http://www.chemweek.com/regions/middle_east/Petro-Rabighs-full-year-profits-soar_49964.html
February 19, 2013
Indorama's Indorama Eleme Fertilizer & Chemicals (IEFC; Port Harcourt, Nigeria) unit has signed a financing package to construct a greenfield $1.2-billion urea fertilizer project...
http://www.chemweek.com/regions/africa/Indorama-signs-financing-for-$1-2-billion-urea-plant-in-Nigeria_49934.html
February 19, 2013
Grovepoint (London), a private investment company, says it has acquired a majority stake in biotech company Algatechnologies (Hevel Eilot, Israel), a rapidly growing firm specializing...
http://www.chemweek.com/regions/middle_east/Grovepoint-acquires-majority-stake-in-biotech-firm-Algatechnologies_49932.html
February 18, 2013
Recently formed Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha) with exclusive rights to market and distribute Qatar’s regulated chemicals and...
http://www.chemweek.com/regions/middle_east/Qafac-is-first-company-to-join-new-Qatar-marketing-firm-full-transition-expected-by-mid-year_49923.html
February 18, 2013
Hanwha Engineering & Construction Corp. (Seoul) has started work on a chlor-alkali and ethylene dichloride (EDC) complex in Salalah Free Zone, Oman on behalf of Saltic (Muscat)...
http://www.chemweek.com/regions/middle_east/Report-Hanwha-breaks-ground-on-Saltic-chlor-alkali-plant-in-Oman_49928.html
February 18, 2013
Sabic’s subsidiary Saudi Arabian Fertilizer Company (Safco; Jubail, Saudi Arabia) has announced a 6% drop in net profit for full-year 2012. Net profit in the year ended 31...
http://www.chemweek.com/regions/middle_east/Safcos-2012-profits-down-on-lower-volumes-Maaden-begins-to-re-commission-DAP-plant_49922.html
February 18, 2013
Sahara Petrochemicals says that its Al Waha Petrochemicals subsidiary experienced a sudden technical interruption in the cooling water system on 14 February, which resulted in the...
http://www.chemweek.com/regions/middle_east/Two-Saudi-polypropylene-plants-taken-offline-for-maintenance-and-to-fix-technical-problems_49920.html
February 15, 2013
Jacobs Engineering has been awarded a contract by Saudi Aramco Lubricating Oil Refining Co. (Luberef; Yanbuʿ, Saudi Arabia) to provide project management consulting (PMC) services for...
http://www.chemweek.com/regions/middle_east/Jacobs-awarded-contract-to-expand-Aramcos-lube-oil-complex_49902.html
February 14, 2013
Sasol has taken a 1.98-billion rand ($221.81 million) impairment charge on its interest in the Iranian joint venture Arya Sasol Polymer Co. (ASPC; Assaluyeh, Iran), and there will be...
http://www.chemweek.com/regions/middle_east/iran/Sasols-earnings-decline-on-big-Iranian-asset-writedown_49736.html
February 12, 2013
Saudi Kayan (Al Jubail), a Sabic affiliate engaged in the production of specialty chemicals, reported huge losses for the year 2012. Net loss was 772.27 million Saudi riyals ($205.9...
http://www.chemweek.com/regions/middle_east/Saudi-Kayan-reports-huge-full-year-losses_49762.html
February 11, 2013
Yanbu National Petrochemical (Yansab; Yanbuʿ, Saudi Arabia), a Sabic affiliate, reports a 23% decline in full-year 2012 net income, to 2.45 billion Saudi riyals ($652.3...
http://www.chemweek.com/regions/middle_east/Yansab-reports-a-decline-in-profits-on-lower-product-prices_49734.html
February 8, 2013
Kuwait Styrene Co. (TKSC; Al Shuʿaybah, Kuwait), the country’s only producer of styrene monomer, reported a $59-million net profit in 2012. Sales exceeded $667 million...
http://www.chemweek.com/regions/middle_east/Kuwait-Styrene-reports-2012-sales-and-earnings_49713.html
February 7, 2013
Sabic plans to launch four new technology and innovation facilities in 2013, two in Saudi Arabia and one each in India and China, bringing the total number of its research facilities...
http://www.chemweek.com/regions/middle_east/Sabic-to-boost-innovation-with-four-technology-centers-costing-$500-million_49358.html
February 7, 2013
Equate (Kuwait City), a joint venture among Petrochemical Industries Co., Dow Chemical, Boubyan Petrochemical, and Qurain Petrochemical Industries, today reported a 3% rise in 2012 net...
http://www.chemweek.com/regions/middle_east/Equate-reports-higher-sales-and-earnings-eyes-opportunities_49631.html
February 6, 2013
Shell Chemicals has made a final investment decision to upgrade its Jurong Island, Singapore, polyols facility, the company announced today. The investment is expected to increase...
http://www.chemweek.com/regions/middle_east/Shell-to-expand-polyols-capacity-in-Singapore_49568.html
February 4, 2013
Aspen PharmaCare (Durban, South Africa) is in discussions with Merck Sharp Dohme (MSD; Darmstadt, Germany) regarding a possible acquisition of a Merck active pharmaceutical...
http://www.chemweek.com/regions/africa/south_africa/Aspen-Pharmacare-in-talks-for-Merck-API-facility-in-the-Netherlands_49535.html
January 31, 2013
The African Development Bank (AfDB; Abidjan, Ivory Coast) has approved a senior loan of $100 million to Indorama Eleme Fertilizer & Chemicals (IEFC) to build and operate a...
http://www.chemweek.com/regions/africa/algeria/Indorama-Eleme-receives-$100-million-loan-from-AfDB-for-urea-project-in-Nigeria_49468.html
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