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MPHC net profit surges to QR1bn
(The Peninsula - 30/10/2018)

Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, reported a net profit of QR1bn for the period ended September 2018, outperforming the net profit of

Alba signs long-term supply deal with Fluorsid
(Trade Arabia - 30/10/2018)

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, said it has secured a long-term agreement with Fluorsid, a leading producer of fluorochemicals based in Italy, for the supply of smelter grade Aluminium Fluoride (ALF3).<br/><br/> The

Sabic posts 5.4% increase in third quarter net profit, beating estimates
(The National - 29/10/2018)

The biggest petrochemical producer in the Middle East, Saudi Basic Industries (Sabic), posted a 5.4 per cent increase in third-quarter net profit due to higher average selling prices and an increase in sales volumes, beating analysts’

Sharp rise in alumina price hits Alba Q3 profits
(Trade Arabia - 29/10/2018)

Aluminium Bahrain (Alba) generated a net income of BD14.3 million ($38 million) in the third quarter of 2018 versus BD25.8 million ($68.5 million) for the same period in 2017, down by 44 per cent due to higher alumina prices (60 per cent year-on-year

Aramco continues to champion professional careers for women
(Saudi Gazette - 28/10/2018)

Saudi Aramco chaired the “Leadership Excellence for Women Awards and Symposium” (LEWAS), a leading industry event held at the Bahrain International Convention & Exhibition Center last Oct. 23-25, promoting efforts to increase professional opportunities

Korea's Daelim wins $892m Saudi Ma'aden plant contract
(Trade Arabia - 24/10/2018)

South Korea's construction giant Daelim Industrial Company has been awarded a SR3.4-billion ($892 million) contract by Saudi Arabian Mining Company (Ma’aden) to build the first plant in the company’s third large-scale phosphate complex (Phosphate 3) in

Saudi Aramco signs 15 strategic deals worth $34bn
(Trade Arabia - 24/10/2018)

Saudi Aramco has signed 15 strategic and commercial collaborations valued at more than $34 billion with 15 partner companies from eight countries at the Future Investment Initiative (FII) forum in Riyadh, Saudi Arabia.<br/><br/> The memoranda of

QPIC achieves $14.52 mln in Q2 net profits ending Sept 30
(Arab Times - 24/10/2018)

Qurain Petrochemical Industries Company (QPIC) Tuesday said it achieved Kuwaiti dinars (KD) 4.41 million ($14.52 million) in net profits in second quarter ending Sept 30.<br/><br/> This was compared to KD 4.39 million ($14.46 million) in the same period

Aramco boosts export capacity with Yanbu South Terminal
(Trade Arabia - 18/10/2018)

The commissioning of Yanbu South Terminal (YST) this week marked the addition of 3 million barrels per day to Saudi Arabia's west coast export capacity. The first VLCC was loaded at the terminal on October 12.<br/><br/> Yanbu South Terminal, which is

Aramco catalyst for India’s oil and gas sector growth
(Saudi Gazette - 16/10/2018)

Saudi Aramco played a central role in the second India Energy Forum att the invitation of the Minister Dharmendra Pradhan and the Indian Ministry of Petroleum and Natural Gas.<br/><br/> Hosted by CERAWeek IHS Markit and held October 14-16, the annual

Sabic unveils agri-nutrient solutions at Riyadh show
(Trade Arabia - 16/10/2018)

Sabic showcased its wide range of innovative, environment friendly agri-nutrient solutions targeted to specific needs of each crop and help improve yields at 37th International Trade Exhibition for Agriculture and Agro-Industry in Riyadh.<br/><br/> The

Saudi Aramco,Bapco face growing demand for energy in Bahrain
(Arab News - 11/10/2018)

Saudi Aramco and Bahrain Petroleum Company (Bapco) announced on Tuesday the successful operation of the AB-4 crude oil pipeline as part of a new phase of the Aramco-Bahrain crude oil pipeline strategy to meet the growing demand for energy in

Aramco IPO delay not to impact Saudi equities
(Gulf News - 10/10/2018)

The delay in listing of the Aramco on the bourses, which was expected to get gush of liquidity in Saudi and regional markets, would not have an impact on local bourses, according to Naveed Aurakzai, chief executive officer at Alkhair Capital.<br/><br/>

Alba sales up 7pc, production rises 8pc
(Trade Arabia - 09/10/2018)

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, said that during the first nine months of 2018 its total sales volume touched 750,202 metric tonnes (mt), an increase of 7 per cent year-over-year (YoY), compared to 700,629 mt during the

Saudi Aramco, Total plan $5bn petchem complex in Jubail
(Trade Arabia - 09/10/2018)

Saudi Aramco, a leading global energy company, and French oil and gas major Total have signed a joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail.<br/><br/> The agreement was signed by

Why SABIC is so important to Saudi Arabia
(Arab News - 08/10/2018)

When Mohammed bin Salman, Crown Prince of Saudi Arabia, recently reaffirmed in an interview with Bloomberg the commitment to sell shares in Saudi ARAMCO by 2021, he made it clear that part of the reason for the longer time frame was the need to protect

Saudi's Crown Prince pledges $2-trillion Aramco IPO by 2021
(Trade Arabia - 07/10/2018)

Saudi Crown Prince Mohammed bin Salman insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious view the state-run company is worth $2 trillion or

Saudi Arabia's Sipchem and Sahara plan 8.25bn riyal petchem merger
(The National - 04/10/2018)

Saudi International Petrochemical Company or Sipchem signed a non-binding agreement to buy Sahara Petrochemicals Company in a deal valued at 8.25 billion riyals (Dh8.1bn) four years after merger talks stalled.<br/><br/> Sipchem will make an offer to buy

Aramco’s Sami Al-Nuaim named SPE President for 2019
(Trade Arabia - 04/10/2018)

Sami A Al-Nuaim, manager of Saudi Aramco’s Petroleum Engineering Application Services department, was named president of the Society of Petroleum Engineers (SPE) for 2019 at SPE's Annual Technical Conference and Exhibition (ATCE) in Dallas last

Sabic gives initial price guidance for dual-tranche dollar bonds
(Gulf News - 03/10/2018)

Saudi Arabian Basic Industries Corp (Sabic) started marketing five-year US dollar bonds with initial price guidance of around 140 basis points (bps) over US Treasuries and 10-year bonds with a guidance of around 180 bps over that benchmark, a source

Nama Group launches smart metering in Oman
(Oman Daily Observer - 02/10/2018)

Nama Group has announced the commencement of the live operation of their centrally implemented Automatic Meter Reading (AMR) project designed for high value customers in the electricity sector in Oman.<br/><br/> The ground-breaking project was carried

Aramco to unlock non-metallic materials growth potential
(Trade Arabia - 02/10/2018)

State oil giant Saudi Aramco will pursue the non-metallic growth opportunities by unlocking its broad range of potential, aligned with its growth strategy covering the oil and gas sector as well as automotive, building and construction, packaging, and

SABIC shows its support for SMEs
(Saudi Gazette - 01/10/2018)

SABIC participated in the Biban Asir Forum at the Abha International Exhibition Center last Sept. 27-29 as an exclusive strategic partner, demonstrating the key role it is playing in supporting small and medium enterprises, in line with the objectives of

Saudi Aramco sets October propane price at $655 a tonne
(Gulf News - 01/10/2018)

State-run Saudi Aramco has set its October contract price for propane at $655 (Dh2,405) a tonne, up from $600 in September, the company said on Sunday. The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to

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