Middle East Economic Survey

VOL. XLIX

No 12

20-March-2006

EGYPT

Sidi Kerir Petrochemicals Reports $138Mn Profit For 2005

Sidi Kerir Petrochemicals (SIDPEC) on 13 March reported a profit of E794.7mn ($138.4mn) for 2005, an increase of 8.2% over 2004 profits of E734.5mn. Net revenues for 2005 amounted to E1,702.2mn ($296.6mn). Production for the year totaled 540,500 tons including: 277,000 tons of ethylene, 229,000 tons of polyethylene, 25,000 tons of potagas (untreated butane), and 9,500 tons of...