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Mesaieed Petrochemical reports first quarter results

2:04 AM MDT | April 24, 2014 | Natasha Alperowicz

Mesaieed Petrochemical Holding Co. (MPHC; Doha), a listed subsidiary of Qatar Petroleum and one of the leading diversified petrochemical conglomerates, says its first quarter net profit reached 463.8 million Qatari riyals ($127.4 million). MPHC consists of six companies with three of them directly held. MPHC holds 49% in Q-Chem and Q-Chem II, and 55.2% in Qatar Vinyl Co. (QVC). Both Q-Chem and Q-Chem II each have a single, wholly-owned subsidiary, while Q-Chem II also has a 53.85% ownership in Ras Laffan Olefins Cracker Co. The group’s facilities are...

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