VOL. XLIII

No. 13

27-March-2000

QATAR

QAPCOS 1999 Net Profits Up 30% On Previous Year

Figures released by the Qatar Petrochemical Company (QAPCO) show that net profits for 1999 stood at QR380mn ($104.4mn), compared with QR290mn ($79.7mn) the previous year, an increase of 31%. QAPCO General Manager Hamad al-Muhannadi said that because of a financial slump in Asia, its main market, the company had aggressively sought other markets in the Middle East and Africa. Ethylene output in 1999 amounted to...