Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Dubai Financial Market index shoots past 6000 mark in new 17-year high
- Gold price drops Dh5 in UAE: Shoppers see bigger declines in the coming days
- Saudi Arabia's retail real estate growth prospects strong: S&P Global
- Closing Bell: Saudi bourses end week in red at 11,007
- Saudi MSME lending surges 31% in Q1 amid digital optimism and financial reform
- Dubai: Indian, Emirati, Pakistani investors lead in tokenised property deals
- QSE index closes lower
- Hamad Port handles 133,112 TEUs container volumes, RORO sees 48% increase in June
- Bahrain All Share Index marks 1,946.83 points
- Youth-led businesses in Saudi Arabia account for over a third of all commercial registrations
29/12/2015 07:51 AST
Gulf Petrochemical Industries Company (GPIC) achieved a total production of 1.46545 million tonne in the year so far, an increase of 5,000 tonnes over what had been planned, it has emerged.
In an announcement after a meeting of the company's board, chairman Dr Ahmed Al Sharayan said GPIC remains focused on its strategy and future projects to double the production of petrochemicals and fertilisers.
Dr Al Sharayan, who is also secretary general of National Oil and Gas Authority, said the company would look to take advantage of economic and development opportunities offered by the petrochemical industry and make the most of the natural resources.
The board reviewed developments and achievements and discussed operational matters.
It heard that despite the challenges the company faced, it achieved a lot in the field of safety, clocking more than 22 million hours of work without a lost time accident.
It also carried out its largest-ever periodic maintenance in terms of number of employees, contractors and businesses involved.
GPIC was founded in 1979 as a joint venture between three GCC countries - Bahrain, Saudi Arabia, represented by the Saudi Basic Industries Corporation and Kuwait, represented by the Petrochemical Industries Company - to take advantage of the natural gas produced by Bahrain as a raw material for the industry.
Gulf Daily News
08/03/2009
Gulf Petroleum Investment SAKC, the Kuwait-based provider of technical services to the oil and gas industry, canceled plans to buy an oil rig for $170 million, citing the global crisis and the drop i
Bloomberg
| Ticker | Price | Volume |
|---|
17/07/2025
In a strategic move that sets a regional benchmark, Oman Cables Industry (OCI), has secured Environmental Product Declarations (EPDs) for its key cable families reinforcing its position as a regional
Times of Oman
17/07/2025
Emirates NBD has concluded AED3.9 billion ($1.06 billion) Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro 'Blue Line' Project.
Trade Arabia
17/07/2025
Adnoc announced on Wednesday its intention to transfer its 24.9 per cent shareholding in OMV AG to XRG, its wholly-owned international investment company.
This transfer, which is subject to
Khaleej Times
16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
16/07/2025
Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading com
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia