SAUDI ARABIA

 

Saudi Petchems Firms Report Mixed 2013 Fortunes Amid Tough Market Conditions

 

Saudi Arabia’s 14 traded petrochemical companies have announced their financial results for 2013, with just over half seeing an increase in profits. Many reported increased sales prices and lower feedstock prices, although the performance of some was impacted by plant outages.

Leading producer SABIC’s 19 January statement to the Saudi stock exchange (Tadawul) attributed...