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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: 61Issue: 17Published at Fri, 27 Apr 2018 -
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: 60Issue: 16Published at Fri, 21 Apr 2017 -
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: 58Issue: 14Published at Fri, 03 Apr 2015 -
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: 57Issue: 17Published at Fri, 25 Apr 2014 -
GCC Polymers Increasing In Volume And Sophistication, Says GPCA
...08-13 Chg 2013-18 2008 2009 2010 2011 2012 2013 MN T % %/yr...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
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: 57Issue: 15Published at Fri, 11 Apr 2014 -
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: 57Issue: 14Published at Fri, 04 Apr 2014 -
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: 56Issue: 16Published at Fri, 19 Apr 2013 -
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: 56Issue: 14Published at Fri, 05 Apr 2013