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Saudi Sipchem board approves sukuk issuance (Gulfnews - 29/03/2016)

Saudi International Petrochemical Co (Sipchem) said on Monday that its board had approved issuance of Sharia-compliant bonds. The firm appointed Riyad Capital and NCB Capital as lead managers for the issue of sukuk, it said in a bourse statement. The

SABIC: Oil market reaching point of "stability" (CNBC - 23/03/2016)

Oil markets may be about to reach some stability after a torrid run that pushed prices to their lowest level in over a decade, the vice chairman and acting chief executive of Saudi petrochemicals giant, SABIC said Wednesday. Yousef Al-Benyan told CNBC on

Alba launches second phase of key project (Gulf Daily News - 23/03/2016)

Alba yesterday announced the launch of Phase II of its company-wide, cost reduction programme Project Titan with the aim to reduce cash cost by $100 per tonne of aluminium and step up its production capacity to 1,000,000 tonnes per annum by end of 2017.

Cape secures three year contract with SABIC UK Petrochemicals Limited (Your Petrochemical News - 21/03/2016)

Cape plc is pleased to extend our current relationship with SABIC UK Petrochemicals Limited, with the award of a contract renewal until end of December 2018. The contract is for the provision of maintenance and project work including access, insulation,

$3.5 billion Alba expansion project on track (Gulf Daily News - 17/03/2016)

Alba remains on track with its $3.5 billion Line 6 expansion project, chairman Shaikh Daij bin Salman Al Khalifa has said. Addressing shareholders at the annual general meeting (AGM) held at the company’s premises yesterday, he said metal production from

Ma’aden overhauls senior leadership to address challenges (Saudi Gazette - 17/03/2016)

Ma’aden announced changes in its executive structure designed to streamline business functions, revitalize the organization and better prepare the company to meet its changing needs and challenges. Key personnel changes include Khalid Al-Rowais as VP of

SAFCO says eyes potential buy of SABIC's stake in joint venture (Reuters - 13/03/2016)

Saudi Arabia Fertilizers Co 2020.SE (SAFCO) is considering taking full control of chemical fertilizer producer Ibn Al-Bayttar by buying out its joint venture partner Saudi Arabia Basic Industries Corp 2010.SE (SABIC), SAFCO said on Sunday. SAFCO said the

MPHC for cost optimisation; saves QR132m in 2015 (The Peninsula - 10/03/2016)

Mesaieed Petrochemical Holding Company (MPHC) saved around QR132m last year through its cost saving and optimisation efforts. The company, which has interests in the production of olefins, polyolefins, alpha olefins and chlor-alkali products, have plans

PetroRabigh to net good revenue from cracker expansion (Trade Arabia - 10/03/2016)

Saudi Arabia's PetroRabigh said on Wednesday it would book around SR750 million ($200 million) in sales revenue this year with the full start-up of its expanded ethane cracker. However, PetroRabigh said it would only use the expanded production capacity

National Aluminium expands production capacity (Oman Daily Observer - 09/03/2016)

National Aluminium Products Company is expanding its production capacity by installing two additional extrusions presses in a phased manner and a vertical powder coating plant. While the expansion including construction of a new factory building is

Sabic in fiber-reinforced thermoplastic tapes acquisition (Plastics Today - 01/03/2016)

Sabic has broadened its position in engineered thermoplastic semi-finished products through the acquisition of a majority stake in Dutch company Fibre Reinforced Thermoplastics, B.V., which is based in Lelystad, The Netherlands Sabic's Fibre Reinforced

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