Petrochemicals | Egypt Oil & Gas - Part 18

Saudi Aramco Desperate for Loans

Informed sources, on condition of anonymity, told Reuters that Saudi Aramco is talking to banks about raising a $5b loan to help out a refinery it built in collaboration with China's Sinopec.

South Africa’s Sasol Reports Lower FY2015 Earnings and Dividends

South African Petrochemicals Company Sasol Limited today released full results for the year ending in June 2015, lowering its dividend after weaker oil prices hit earnings.

EQUATE Participates in Petrochemical Graduation Ceremony

Kuwait’s EQUATE Petrochemical Company has participated in the graduation ceremony of the 38th Summer Training Course for University and High School Students by Kuwait Institute for Scientific Research (KISR)

Iran to Boost Production Beyond Expectations, Welcomes American High-Tech Investments

In exclusive statements made to CNN Iran's Oil Minister Bijan Zanganeh boasted that Iran would push its production by close to 1.5 million barrels by the end of 2016

Iran Finalizing Oil Contract Law, Drawing Indian Investments

Reuters reported that Iran expects to finalise the wording for a new model for international oil contracts in the next three weeks, based on an announcement by Iran's Oil Minister Bijan Zanganeh.

Equate Petrochemical Wins International IT Prize

Kuwait’s Equate Petrochemical Company received an IT award from German enterprise software leader SAP in the “IT Business Transformation Category”

Sidi Kerir Petrochem Profits Down by 12%

Egypt's Sidi Kerir Petrochemicals announced its profits for the first half of 2015, recording a total of EGP 421.8m ($53.9 million), reported Reuters.

Sipchem Profits Tumble More than Expected

Saudi International Petrochemical Co (Sipchem) reported a 55% drop in second-quarter profit on Monday

PetroRabigh Profits Strong and Steady Despite Oil Prices

Saudi Arabia's PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved.

The Rise and Decline of SABIC Petrochemicals Profits

Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 4.5% drop in second-quarter net profit on Sunday, a much smaller decline than analysts had forecast.

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