VOL. XLII

No. 17

26-April-1999

QATAR

QAPCO痴 1998 Profits Down From Previous Year

Figures released by the Qatar Petrochemical Company (QAPCO)show that company profits declined during 1998 compared to the previous year.Profits for 1998 fell 50% to QR294mn ($81mn) from QR588mn ($162mn) in 1997.QAPCO attributed the losses to the drop in oil prices and the economic crisisin southeast Asia. Ethylene output in 1998 amounted to 490,512 tons, comparedwith 486,210 tons in 1997. Production from the LDPE-1...