Middle East Economic Survey
QAPCOs 2004 Profits Reach $337Mn
Qatar Petrochemical Company (QAPCO) made QR1,226mn ($337mn) in profits in 2004, a 74% increase on the 2003 surplus of QR705mn ($194mn), its General Manager Hamad al-Muhannadi said in early March. He added that QAPCO was setting up a low density ethylene project to be completed by 2006, with commercial production scheduled for 1H 2007. With QAPCOs ongoing expansion and upgrading projects, Mr Muhannadi...