SAUDI ARABIA

Saudi Petchems Income Curbed By Oil Price Crash, Uncertain 2015 Ahead

Saudi Arabia’s 14 traded petrochemicals companies saw their overall market capitalization increase slightly last year, but newly-released financial results show the impact of the fourth quarter 2014 slide in crude oil prices.

SABIC SLIDE 

State-owned petrochemicals giant Sabic saw its income decline by 9.3% to SR303.4bn ($80.9bn) for 2014 compared with 2013, including a 29.2%plunge in...