Sabic Q4 results illustrate oil impact

Davis, Nigel; Yu, Amy; Ong, Jeffrey; Richardson, John
January 2015
ICIS Chemical Business;1/26/2015, Issue 3220, p23
Trade Publication
The article discusses the financial report of chemical manufacturing company SABIC in Saudi Arabia for the fourth quarter of 2014. Topics covered include the low profits of SABIC because of low product prices and low oil prices, the great impact of low global petrochemical prices on SABIC's production, and the negative effects of dropping monoethylene glycol (MEG) prices in China. It also discusses how the Middle East was affected by the growth in polyethylene (PE) imports in China in 2014.


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