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Revenues are expected to remain down in Q3-19
8 October 04:37 PM Al Jazira Capital: Saudi petrochemical sector seen up MoM, down YoY in Q3
Riyadh – Mubasher: Al Jazira Capital predicted the net income of the Saudi petrochemical sector to improve by 9% during the third quarter of 2019, compared to the second quarter of the same year. The research company ascribed the increase in …
Advanced Petrochemical evaluated the final effects of the decline in supplies
29 September 11:25 AM Feedstock supplies reach normal levels - Advanced Petrochemical
Riyadh – Mubasher: The feedstock supplies of Advanced Petrochemical Company have reached 100% of their normal levels on Thursday, 26 September. On 18 September, the company said that its feedstock supplies shortage fell to 20% from 40% following …
Petrochem has suffered a 40% curtailment of feedstock supplies
29 September 11:16 AM Petrochem’s feedstock supplies restored to normal levels
Riyadh – Mubasher: The National Petrochemical Company (Petrochem) said that its feedstock supplies gradually improved and reached 100% of their regular levels on Thursday, 26 September. Petrochem has suffered a 40% curtailment of feedstock …
Tasnee’s net profits after zakat and tax fell by 25% in Q2-19
26 September 04:00 PM Tasnee feedstock supplies’ resume to normal levels
Riyadh – Mubasher: The National Industrialization Company (Tasnee) said that its feedstock supplies have reached their regular levels on Thursday, 26 September. Following attacks on Aramco’s oil facilities earlier in September, Tasnee announced …
The feedstock shortage has not resulted in any material financial impact
26 September 10:26 AM SABIC says feedstock supplies return to normal
Riyadh – Mubasher: The Saudi Basic Industries Corp. (SABIC) announced that its feedstock supplies gradually improved to reach their regular levels on Thursday, 26 September. Following Aramco’s attacks on its oil facilities on 14 September, SABIC …
Petro Rabigh had a 20% curtailment in feedstock supplies of ethane gas
24 September 10:46 AM Petro Rabigh’s feedstock supplies restored
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced that the feedstock supplies have reached their normal levels. The shortage has not affected the lenders’ reliability test, Petro Rabigh said in a filing to the …
Sipchem is still working on evaluating the final effects
19 September 09:54 AM Sipchem says supplies curtailment shrink to 20%
Riyadh – Mubasher: Sahara International Petrochemical Co (Sipchem) announced that the shortage seen in the supplies from Saudi Aramco has been showing improvement. Curtailment dropped from 40% to approximately 20%, with the expectation to reach …
SAFCO’s feedstock supplieso the company’s plants reached normal levels
18 September 12:29 PM SAFCO’s feedstock supplies reach normal levels
Riyadh – Mubasher: The Saudi Arabian Fertilizer Company (SAFCO) announced that the feedstock supplies to the company’s plants have reached normal levels as of Wednesday, 18 September 2019. Following the evaluation of the final effects, no …
Tasnee will continue working on evaluating the financial effects
18 September 12:28 PM Tasnee’s feedstock supplies curtailment drops to 25%
Riyadh - Mubasher: The National Industrialization Company (Tasnee) said that the shortage in its feedstock supply from Saudi Aramco improved as it went down to 25% approximately from 41%. The company’s feedstock supply is expected to reach normal …
Yansab is still evaluating the final effects
18 September 12:00 PM Yansab feedstock supplies curtailment down to 17%
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) announced that its feedstock supplies shortage dropped to 17% from 30% following Aramco’s terrorist attacks last Saturday. The feedstock supplies are expected to reach their normal …
SABIC will continue working on evaluating the final effects
18 September 11:27 AM SABIC’s feedstock supplies shortage improves to 30%
Riyadh – Mubasher: Saudi Basic Industries Corp. (SABIC) said that its feedstock supplies shortage fell to 30% after it was seen at 49% following Aramco’s drone strikes on Saturday. The company’s feedstock supplies are expected to resume to their …
The reduction is likely to reach normal levels by the end of September
18 September 11:16 AM Saudi Kayan sees 37% curtailment in feedstock supplies from Saudi Aramco
Riyadh – Mubasher: The Saudi Kayan Petrochemical Co, listed on the Saudi Stock Exchange (Tadawul), on Wednesday announced that its feedstock supplies from Saudi Aramco have improved after curtailment went down to 37% from 50%. The reduction is …
Petro Rabigh will announce any further details in due course
18 September 11:14 AM Petro Rabigh sees 20% curtailment in ethane gas
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced a shortage of 20% in feedstock supplies of ethane gas following Saudi Aramco’s terrorist attacks earlier this week. The said curtailment will not affect the …
Supplies are expected to reach normal levels by the end of September
18 September 11:08 AM Advanced Petrochemical reveals rise in feedstock supplies
Riyadh – Mubasher: Advanced Petrochemical Company announced that its feedstock supplies from state-run oil giant Saudi Aramco have improved as the reduction fell to 20% from 40%. Supplies are expected to reach normal levels by the end of September …
SAFCO is currently working on evaluating the final effects
17 September 12:58 PM SAFCO sees 30% curtailment in feedstock supplies
Riyadh – Mubasher: The Saudi Arabian Fertilizer Company (SAFCO) announced a 30% shortage in feedstock supplies in the company’s plants starting Monday, 16 September 2019. SAFCO expects the feedstock output to be restored in the coming days, …
Petro Rabigh is currently working on evaluating the final effects
17 September 10:21 AM Petro Rabigh sees shortage in ethane gas, raw oil
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) announced an 8% and 12.5% curtailment in its ethane gas and raw oil supplies, respectively, starting Saturday, 14 September. The said shortage did not affect the lenders’ …
Two fires broke out in Aramco’s plants in Abqaiq and Khurais
15 September 04:53 PM About 30% decline in feedstock supplies - Yansab
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) pointed to a shortage in feedstock supplies with different proportions of an approximate 30% starting Saturday, 14 September, following Aramco’s drone strikes. The company is …
The attacks halted Aramco’s crude oil supply by 5.7 million barrels a day
15 September 03:58 PM Saudi Kayan sees 50% drop in feedstock supplies
Riyadh – Mubasher: The Saudi Kayan Petrochemical Company (Saudi Kayan) announced an approximate 50% cut in feedstock supplies to the company’s plants starting Saturday, 14 September. The company is currently working on evaluating the final effects …
Petrochem will disclose any relevant developments
15 September 03:45 PM Petrochem announces 40% shortage in feedstock supplies
Riyadh – Mubasher: The National Petrochemical Company (Petrochem) announced a 40% curtailment of feedstock supplies in the company’s project. Petrochem said that it is difficult to determine the financial impact at the moment, according to a …
Ministry of Interior has controlled two fires in two of Aramco’s facilities
15 September 03:21 PM SABIC announces decline in units’ feedstock supplies
Riyadh – Mubasher: Saudi Basic Industries Corp. (SABIC) announced a curtailment of feedstock supplies for some of its Saudi-based subsidiaries starting from Saturday, 14 September 2019. The said curtailment is expected to be in different …
Seera has conducted more than 2 million business since October 2018
25 August 12:13 PM Saudi Seera boosts Middle East travellers bookings with Salesforce’s platform
Riyadh – Mubasher: Seera Group, formerly Al Tayyar Travel Group started using selected Salesforce, the global leader in Customer relationship management (CRM), to digitally transform and endorse travel booking experiences for millions of …
Bank Audi is listed on the Beirut Stock Exchange
22 August 02:53 PM GGF invests $15m on EE and RE projects in Bank Audi
Mubasher: In line with its efforts to strengthen the lending portfolio in the areas of energy efficiency (EE) and renewable energy (RE), Green for Growth Fund (GGF) has recently invested $15 million in Lebanon’s biggest green lender, Bank Audi. …
Total monthly production volume from the field surpassed 1 million barrels in July
21 August 10:38 AM Taqa sets new production record from Atrush oil field in KRI
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (Taqa), listed on the Abu Dhabi Securities Exchange (ADX), on Wednesday announced its subsidiary TAQA Atrush B.V. (Taqa Iraq) has made a new production record from the Atrush oil field in the …
Dana Gas appointed financial advisors to consider possible sale at full value
30 July 08:59 AM Dana Gas reviews Egyptian assets for potential sale
Abu Dhabi – Mubasher: Dana Gas, the largest private natural gas company in the Middle East, said it is currently performing a strategic review of its oil and gas assets in Egypt. Accordingly, the Sharjah-based firm has appointed financial advisors …
Dana Gas currently considers an alternative listing in London
29 July 10:04 AM Dana Gas appoints US adviser to sell Egyptian assets
Abu Dhabi – Mubasher: Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), has appointed the US-based investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets worth more than $500 million, Reuters …