SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand
The interim dividend will be paid to shareholders who have purchased Borouge shares as of September 7
The awarding of the contracts marks the start of construction work on the petrochemical facility
UAE-based Ducab and Union Pipes Industry will use Borouge solutions to produce power cables and pressure pipes for Borouge 4 infrastructure
The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn
Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m
Upon completion, the new project will add an additional 1.4 million tonnes of polyethylene
The investment in Borealis expands ADNOC’s international footprint in the fast-growing chemicals and petrochemical sector in Europe and the Americas
The specialised bulk storage terminal will have a total capacity of around 40,000 cubic metres
Profit rose mainly due to the reversal of SAR690m of impairments associated with Clariant AG