The (Saudi Arabia, the group) on the estimated profit to the end of the penultimate month of 2008, showing a decrease of 77% over the same period the previous year, this decline has been attributed to the petrochemical industry (suffering) of the decline in the prices of their products worth more than low prices initial, with the exception of projects that depend on gas, ethane and methane, a summary of the publication of this Declaration, which carries with it the important information and petrochemical projects to be assessed according to their vulnerability to crisis, the first two projects affecting them loss-making crisis is a result of lower prices varying the value of greater decline in the prices of materials Initial production, making the sale price less than the cost of production, the proportion of the losses vary from company to offset the decline as the prices of raw materials (petrochemical, gas and oil) and the decline in the prices of the final product of the company, and this is what many analysts expected, but the announcement of these figures is what confirms the magnitude of expected losses in the petrochemical companies in Saudi Arabia, the results of the fourth quarter and 2009 results. The other part is affected by lower corporate profits only as a result of the use in the production of methane and ethane, which received support from the fixed price of 75 U.S. cents, which makes the best of other petrochemical projects and protected from the vagaries of the market to some extent, as new projects and expansions in the large the past two years led to an increase in the percentage of loans and increased depreciation and capital of these companies, which reduces the profitability of its shares, which is a heavy burden on the management of these firms to balance between these facts, which may prolong the period of reimbursement of the losses to come, and to clarify the difference between the two sections, the first section to buy feedstock used in the article production value of 75 cents and sells the final product, including approximately $ 300, noting that foreign companies to buy the same article feedstock ten times the price at which the company bought Saudi Arabia, while the second section of article Vistrae propane feedstock for example, at $ 470 and its production is sold at 820 dollars, of course, without going into details production costs and the complex and no matter what the difference is significant, and here could be considered the best petrochemical companies to invest in the coming period and measuring the ratios of the risk. Which explains why a Chief Executive Officer (SABIC) Viparwat that the cost of production of petrochemicals in the Gulf not to exceed $ 200 per ton, while more than $ 800 a ton abroad, which may reveal opportunities to acquire a large and successful companies will not be able to deal with the crisis, would dominate the Gulf States in the very near to the petrochemical industry in the world as it now controls the oil and gas production, according to a report recently that the Arab countries do not repeat the whole, only 8% of oil production in the world. He also told the President (SABIC) is also the cycle of petrochemicals in the lowest level for now and that was expected to start in the 2009 financial crisis, but preceded the events and strange here that contrary to his statement that (SABIC) Had I known that the financial crisis has postponed the purchase of the company's plastics giant General Electric the value of 43 billion riyals for a better price, the deal has sparked resentment of many writers and analysts and traders in the market, when I heard about this deal, I remembered that I had read in a book the former Executive Chairman of the General Electric Company (John Walsh), one of the most important strategy of General Electric Co. is to present the projects that do not achieve the aspirations of the company up for sale, but according to my understanding of the global reporting and the statements of SABIC officials that the aim of the purchase is not profit as much as it is to take advantage of the capabilities of the company's development and marketing and more to gain a greater proportion of the market, the overall difference between the supply of SABIC The next presentation is not big. Announcement of the results of the group now puts us a vision of the market situation during the fourth quarter results announcements represented the largest sector of the market (PC), which constitutes more than 34% of the market, where I expect to receive a substantial change in the investment strategies of companies, the market, which called for a re-evaluation of the distribution and The governor of the large investment funds, which will take place in the fluctuation of the prices are investment opportunities in a large number of companies which have traded at prices unexpectedly for a short period to provide opportunities for Mguetnasin, was getting more profits of some companies in the first half of next year as some of the petrochemical products sold contracts period of up to 4 months old prices, which could postpone the loss of some companies to the first half of next year.
Al-Jazeera, who washttp://www.al-jazirah.com/97106/ec17d.htm
Al-Jazeera, who washttp://www.al-jazirah.com/97106/ec17d.htm
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