IHS Chemical Week

Regions :: Middle East :: Qatar

Industries Qatar reports higher profits, QP raises gas prices

4:48 AM MDT | July 30, 2013 | Natasha Alperowicz

Industries Qatar (IQ; Doha), one of the Mideast’s industrial giants, reported a 4.6-billion Qatari riyal ($1.26 billion) net profit in the first six months of this year, more than 13% up on the year-earlier period. Earnings were entirely volume driven and came against the back-drop of tighter petrochemical and fertilizer operating margins and several key product prices at near-term lows, the company says. Mohammed bin Saleh Al Sada, minister of energy and industry and chairman of IQ, says, “IQ has followed up on the record-breaking full-year...

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