Home / Knowledge / News / Textiles / Saudi Arabian petrochemical sales touch SR303bn in 2013
Saudi Arabian petrochemical sales touch SR303bn in 2013
13
Mar '14
Listed petrochemical firms in Saudi Arabia together sold SR303 billion worth of petrochemical products in 2013, accounting for about 11 percent of the Kingdom’s gross domestic product, Arab News reported quoting local media.
 
The Saudi Basic Industries Corporation (SABIC) bagged the highest share of 62.3 percent in the total sales, followed by PetroRabigh with 16.7 percent share, Tasnee with 6 percent, Saudi Kayan with 3.4 percent and Yanbu National Petrochemical Company with 3.1 percent, the report said.
 
Region-wise, more than half of the Saudi petrochemical products were purchased by the Asian countries, including the Middle Eastern countries, in 2013, while Europe and the US absorbed 15 percent and 7 percent of the products, respectively.
 
Domestic market accounted for around 14 percent of petrochemical sales, while African countries bought 5 percent of the Saudi Arabian products, the report said.
 
Meanwhile, the profit of the Saudi Arabian petrochemical industry grew by 3 percent year-on-year in 2013 to SR34.77 billion, as against the last year’s profit of SR33.9 billion.
 
SABIC alone accounted for SR25.23 billion or 72 percent of the overall profit of the Saudi Arabian petrochemical sector during the year.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search