Profits from petrochemical companies in the GCC increased 62.4 per cent YoY to US$3.57 billion in the third quarter of 2011, according to a report by Global Investment House (Global).
Petrochemicals
US$1.4 billion funding for petrochemical projects in KSA
The National Industrialization Co. (Tasnee) and Sahara Petrochemical Co. agreed a US$1.4 billion financing deal with Saudi banks to support three joint ventures: Saudi Acrylic Acid Co., Saudi Acrylic Monomers Co. and Saudi Polyolefins Co.
Impact of gas prices on Saudi petrochemical firms
A new NCB Capital report looks at the impact of changing gas prices which could rise from US$0.75/mmbtu to US$1.5/mmbtu at the start of 2012 on the local petrochemical companies in Saudi Arabia.
Qurain to build a US$1 billion petrochemical plant in Saudi
Qurain Petrochemical Industries Co (QPIC) plans to develop a petrochemical plant, expected to cost more than $1 billion and located in Jubail, Saudis petrochemicals hub.
Overcapacity threatens GCC petrochemicals profitability
According to a study released by AlixPartners - the Gulf Cooperation Council (GCC) chemicals sector is strong but it faces numerous challenges and regional companies must adapt to new feedstock options and changing markets.
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