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Displaying 1 - 20 of 1574 stories.
January 22, 2015
National Industrialization Co. (Tasnee) said today that it signed an Islamic Murabaha financing agreement for 1.2 billion Saudi riyals ($319.4 million) with each the Riyadh Bank and...
http://www.chemweek.com/regions/middle_east/Tasnee-signs-financing-agreement-to-fund-acquisition-of-additional-shares-in-Cristal_67081.html
January 22, 2015
AMEC Foster Wheeler (AFW) has been awarded a contract by the Oman Tank Terminal Co. for the front-end engineering design of the Ras Markaz crude oil park project in Oman. Located 70...
http://www.chemweek.com/regions/middle_east/AMEC-Foster-Wheeler-awarded-oil-storage-terminal-contract-in-Oman_67078.html
January 22, 2015
Saudi Aramco Total Refining & Petrochemical (Satorp), a joint venture in which Aramco holds 62.5% and Total the balance, has announced an increase in quarterly and annual net...
http://www.chemweek.com/regions/middle_east/Satorp-reports-large-quarterly-and-annual-losses_67076.html
January 22, 2015
Saudi Arabian Mining Company (Ma’aden) has announced that its subsidiary Ma’aden Phosphate Co., (MPC) will shut down its ammonia plant located at Ras Al Khair City, Saudi...
http://www.chemweek.com/regions/middle_east/Maaden-shuts-ammonia-plant-for-30-day-maintenance_67071.html
January 21, 2015
Sahara Petrochemical Co. said today that its polypropylene production affiliate Al Waha Petrochemical Co. has signed an Islamic facility agreement with Saudi British Bank and Banque...
http://www.chemweek.com/regions/middle_east/Al-Waha-signs-big-loan-agreement_67034.html
January 21, 2015
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, on Tuesday reported a fourth-quarter...
http://www.chemweek.com/regions/middle_east/Petro-Rabigh-reports-quarterly-loss-citing-decline-in-crude-prices-Maaden-swings-to-profit_67043.html
January 20, 2015
National Industrialization Co. (Tasnee; Riyadh) today reported a 47% drop in fourth-quarter net profit, to 160.7 million Saudi riyals ($42.8 million), compared with the year-earlier...
http://www.chemweek.com/regions/middle_east/Tasnee-reports-big-drop-in-profits-cites-lower-TiO2-prices_66993.html
January 19, 2015
Sabic today reported lower earnings and revenues but pledged to continue with its growth strategies. Net profit in the fourth quarter of 2014 was down 29%, to 4.36 billion Saudi riyals...
http://www.chemweek.com/regions/middle_east/Sabics-profit-down-close-to-30-percent-as-oil-prices-continue-to-slide_66954.html
January 19, 2015
Several Saudi petrochemical firms have reported their quarterly and annual earnings. Sipchem’s net profit in the fourth quarter was down 33%, to 132.4 million Saudi riyals ($35.3...
http://www.chemweek.com/regions/middle_east/Sipchem-Sahara-report-lower-profits-Saudi-Kayan-narrows-loss_66962.html
January 19, 2015
The International Renewable Energy Agency (Irena; United Arab Emirates) has announced the reappointment of Adnan Amin as director general to a second four-year term, to run from April...
http://www.chemweek.com/regions/middle_east/uae/International-Renewable-Energy-Agency-reappoints-director-general_66961.html
January 16, 2015
DSM says that its personal-care business, a global provider of ingredients for beauty products, has signed a distribution agreement with chemical distribution company Arkem Kimya...
http://www.chemweek.com/regions/middle_east/DSM-signs-distribution-deal-with-Turkish-firm_66918.html
January 16, 2015
Following an announcement Wednesday that Qatar Petroleum (QP) and Shell are halting work on their $6.5-billion Al Karaana joint venture project, Qatar announced today that it is...
http://www.chemweek.com/regions/middle_east/Qatar-may-replace-Shell-with-other-partners-in-petchems-project_66898.html
January 14, 2015
Qatar Petroleum (QP) and Shell say they have decided not to proceed with the proposed Al Karaana petrochemicals project in Qatar and to stop further work on the project. “The...
http://www.chemweek.com/regions/middle_east/Qatar-Petroleum-Shell-scrap-$6-5-billion-petchems-project-in-Qatar_66817.html
January 14, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says that its board of directors, on 12 January, approved the appointment of Kobi Altman as executive v.p. and CFO of the company, effective 1...
http://www.chemweek.com/regions/middle_east/ICL-appoints-new-CFO_66812.html
January 14, 2015
Indorama Ventures (Bangkok) today announced that it has pulled out of an agreement to acquire Sasa Polyester Sanayi (Adana, Turkey), a leading polyester and polyethylene terephthalate...
http://www.chemweek.com/regions/middle_east/Indorama-ends-plan-to-acquire-Turkish-firm-Sasa-Polyester-Sanayi_66809.html
January 13, 2015
Yanbu National Petrochemical Co. (YanSab), a Sabic subsidiary, today announced a large increase in fourth-quarter profits but a slide in full-year earnings. Net profit in the fourth...
http://www.chemweek.com/regions/middle_east/YanSab-reports-higher-fourth-quarter-earnings_66793.html
January 12, 2015
The Oman government is considering reviving plans to partially privatize Oman Oil Refineries and Petroleum Industries (Orpic; Muscat), reports say. Reviving the privatization is a...
http://www.chemweek.com/regions/middle_east/Reports-Oman-mulling-partial-privatization-of-Orpic_66748.html
January 11, 2015
The boards of directors of Saudi Kayan and Yanbu National Petrochemical Co. (YanSab), both Sabic affiliates, today accepted the resignation of Mutlaq Al Morished from the post of...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Saudi-Kayan-and-YanSab-appoint-new-chairmen_66730.html
January 8, 2015
Indorama Ventures (Bangkok) today announced that it has reached a definitive agreement with subsidiaries of Polyplex (Gautam Buddh Nagar, India) located in Singapore and Turkey, to...
http://www.chemweek.com/regions/middle_east/Indorama-to-acquire-another-PET-plant-in-Turkey_66662.html
January 8, 2015
Sadara Basic Services Co., a wholly owned subsidiary of Sadara Chemical Co., has agreed to issue a loan of 40 million Saudi riyals ($10.7 million), to cover a part of its share of the...
http://www.chemweek.com/regions/middle_east/Sadara-issues-loan-to-hydrogen-peroxide-JV_66635.html
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