1. Sabic Seeks Big Projects As Reorganization Continues

    ...s second best year in output terms, a recovery in net income to $4.9bn – aided by the linking of petchems prices to crude oil – was still less than two-thirds of its record $7.8bn in 2011 (see charts). The bulk of the drop in output for 2017 was accounted for by the company’s ‘metals’ division, wi...

    Volume: 61
    Issue: 17
    Published at Fri, 27 Apr 2018
  2. Sabic Output At Record High In 2016, But Net Income Lower In ‘Pivotal Year’

    ...an halving in oil prices far better than it did in 2009, when a more modest fall in oil prices saw earnings collapse to just $2.42bn (see charts). Net income has fallen every year but one since 2011’s record $7.80bn despite steadily rising output since. Production numbers are somewhat confusing as...

    Volume: 60
    Issue: 16
    Published at Fri, 21 Apr 2017
  3. Tupras Sees $2.7Bn Izmit Upgrader Boosting Refining Margins

    ...sulfurization   25.2 Sulfur Recovery   440 T/D SOURCE: TUPRAS TUPRAS KEY INDICATORS (‘000 B/D)   2010 2011 2012 20...

    Volume: 58
    Issue: 14
    Published at Fri, 03 Apr 2015
  4. Saudi Tankers Merger Gets Green Light

    ...hri’s 107 VLCC voyages in 2011 were 45% Middle East Gulf to East Asia, 30% Middle East Gulf to the US, and 25% West Africa to East Asia. “This means Bahri will have a large portion of spare VLCC capacity to deploy on the Middle East-Europe and US routes, once it completes the purchase,” said Audi Capital....

    Volume: 57
    Issue: 17
    Published at Fri, 25 Apr 2014
  5. GCC Polymers Increasing In Volume And Sophistication, Says GPCA

    ...08-13     Chg 2013-18     2008 2009 2010 2011 2012 2013 MN T % %/yr...

    Volume: 57
    Issue: 16
    Published at Fri, 18 Apr 2014
  6. Qatar Starts Work On Second Ras Laffan Condensate Refinery

    ...0   2011 Total current products output capacity 457 End-2016 Capacity     603 At Ras Laffan Except *Mesaieed. ^2001 For Cond Splitter. Ras Laffan 2 Products Ou...

    Volume: 57
    Issue: 15
    Published at Fri, 11 Apr 2014
  7. KBR Wins Jebel Ali Splitters Upgrade FEED

    ...ntract, capacities of the new units or the project schedule. It recently said its refinery throughput was 28% higher in 2013 than in 2011, while revenues increased by 50% and profits by 39%. Yet losses on fuel sales within Dubai, because of subsidies, are forcing the company to seek better returns el...

    Volume: 57
    Issue: 14
    Published at Fri, 04 Apr 2014
  8. Toyo And ENPPI Awarded Ethydco Polyethylene Project

    ...rly 2015, with construction cost estimated at $600mn. Egypt continues to push its petrochemicals expansion plan despite the uncertainty over foreign investment following the January 2011 revolution.  ...

    Volume: 56
    Issue: 16
    Published at Fri, 19 Apr 2013
  9. Sukuk Investors Provide $2Bn To Sadara Project

    ...port refinery was the first in Saudi Arabia ever to issue Sukuk for a project in October 2011, but this replaced other financing that had already been received.   Sadara said that the floating rate Sukuk, which carry a 16 year maturity, will pay investors 95 basis points (bps) over the Saudi in...

    Volume: 56
    Issue: 14
    Published at Fri, 05 Apr 2013