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Industries Qatar Reports a Drop in Net Profits; Petchems the Main Profit Contributor
Industries Qatar (IQ; Doha), the Mideast’s second largest company by market capitalization behind Sabic, reported a 9.5% drop in net profit in the first quarter of 2012 compared with the year-earlier period. Net profit reached QR1.9 billion ($522...

Fire on Stolt Tanker Has Been 'Contained'
Stolt Tankers, a Stolt-Nielsen subsidiary, says that a fire on one of its chemical tankers, caused by an explosion last week, has been "contained." The explosion occurred on March 15 as the ship, Stolt Valor, was crossing the...

Mitsubishi Heavy Industries to Build CO2 Recovery Plant for Qafac in Qatar
Mitsubishi Heavy Industries (MHI; Tokyo) says its MHI Industrial Engineering & Services (MIES; Singapore) subsidiary has received an order from Qatar Fuel Additives Co. (Qafac; Doha), to build a large-scale carbon dioxide (CO2) recovery plant at...

Qapco Awards Ethylene Revamp Contract to CTCI
Qatar Petrochemical Co. (Qapco; Doha) has signed a contract with CTCI Corporation (Taipei) to revamp Qapco's existing olefins complex at Mesaieed, Qatar. The first part of the contract, valued at QR 604 million ($165.2 million) covers the revamp of Qapco's...

QP and Qapco to Build Petrochemical Complex at Ras Laffan
Qatar Petroleum (QP; Doha) and Qatar Petrochemical Co (Qapco; Doha) have reached agreement to build an integrated petrochemical complex in Ras Laffan, Qatar....

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