War Hits Arab Petrochemical Giants

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.

Source

ChemOrbis – H1 petrochemical winners and losers