SABIC says Qatar to lose 1,800 tonnes of polymer products

11/06/2017 Argaam

The Qatari market will lose 1,800 metric tonnes of SABIC’s polymers products, which represent only a percentage of SABIC’s total output, Alriyadh newspaper has reported, citing SABIC CEO, Yousef Abdullah Al-Benyan.

 

SABIC currently has no joint ventures in Qatar, he pointed out.

 

The petrochemicals giant currently has projects in Bahrain, in partnership with Gulf Petrochemical Industries Co. (GPIC) and Aluminum Bahrain (ALBA).

 

Saudi Arabia, UAE, Egypt, and Bahrain last week severed diplomatic and consular ties with Qatar, accusing their Gulf neighbor of funding and supporting terrorism to create unrest in the Middle East.

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