Tag: Sipchem
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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…
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