Sidpec’s Profits Bounces Back with EGP 151.7 mm in Q1 2021
Sidi Kerir Petrochemicals (Sidpec) has earned a net income of EGP 151.7 mn in Q1 2021 against a net loss of about EGP 31.3 million in Q1 2020, according to a press release.
Sidi Kerir Petrochemicals (Sidpec) has earned a net income of EGP 151.7 mn in Q1 2021 against a net loss of about EGP 31.3 million in Q1 2020, according to a press release.
Minister of Petroleum and Mineral Resources, Tareq El Molla, stated that the Egyptian Petrochemicals Holding Company (ECHEM) and the Egyptian Ethylene annd Derivatives Company (ETHYDCO) plan to establish a new uni ...
The CEO of Ethydco Company, Abdel Mageed Heagazy, said that his company is planning to establish the first project in Egypt to produce polybutadiene with investment costs $180 million.
Libya’s Ras Lanuf Oil and Gas Processing Company (RASCO) has restarted production from its polyethylene factory, which had been shut in 2013.
The Ethylene facility in SIDPEC has stopped working for a while and is now working again normally.
Ethydco achieved targeted production last year, covering local demand and increasing exports.
Total and Saudi Aramco signed an agreement on October 8 for engineering studies on the construction of a petrochemicals complex at the Jubail Satorp refinery worth $5 billion.