Petrochemicals | Egypt Oil & Gas - Part 19
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. The amount is 12% less than that of the same period last yea...
Sipchem Profits Tumble More than Expected
Saudi International Petrochemical Co (Sipchem) reported a 55% drop in second-quarter profit on Monday, missing analyst forecasts as its earnings were hit by plant closures and falling product sales prices. Sipchem mad...
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 firm, a joint venture between Saudi Aramco and Japan’s Sumitomo Chemi...
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. SABIC made a...
Iran PetroChem Export Balancing Act Needs Russian Help
Russia is in talks with Iran for supplies of petrochemical products in exchange for assets as part of their barter deal, an official in Tehran has said. Several delegations have visited Tehran and Moscow in recent wee...
Saudi Petrochemical Profits Fall Below Expected
Saudi Arabia’s Yanbu National Petrochemical Co (Yansab) reported a 63% fall in second-quarter net profit on Tuesday but beat analysts’ forecasts slightly. The firm, a subsidiary of Saudi Basic Industries C...
Iran Targeting US Market for Petrochemicals, Following Nuke Deal
Iran has worked out a “special plan” for exports of petrochemical products to the US, secretary of the Association of Petrochemical Industry Corporations (AIPC) Ahmad Mahdavi said on Monday. The plan is part of Iran’s...
GPIC to Sponsor Bahrain Air Show
The Gulf Petrochemical Industries Company (GPIC) has signed up as the silver sponsor of the Bahrain International Air Show (BIAS) 2016. The fourth edition of the airshow is being held under the patronage of His Majest...
