Middle Eastern petrochemical producers took a direct hit from the regional war. Saudi Arabia’s SABIC saw operating income fall 27%, while UAE-based Borouge reported a 27% decline in net profit and 18% lower sales volumes. Saudi Kayan and Sipchem also suffered from weaker volumes and higher costs, while Yansab bucked the trend, posting its strongest quarterly profit since 2022.
War Hits Arab Petrochemical Giants
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