Petrochem has reported a net loss of US$2.7mn higher than the estimated US$0.9mn in Q1 2011, according to the latest report by the Saudi bank, NCB Capital (NCBC).
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SABIC, Saudi Basic Industries Corporation, is expected to benefit from its expanding production base, improving petrochemical and fertiliser prices and growing demand, according to a new report by the Saudi bank, NCB Capital (NCBC).
NCB Capital (NCBC) released a new report on Petrochem and expects the company to continue to report losses until Q2 2012 when its petrochemical complex will start operations.
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