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GPIC exceeds production target

Bahrain Business
Thu, 07 Apr 2016
Avinash Saxena


Manama: Bahrain-based Gulf Petrochemical Industries Company (GPIC) has exceeded its export and production targets for the first quarter of the year despite the decline in global prices, the company’s top official has said. The company, which is an equal stakes joint venture of Bahrain’s nogaholding, Saudi Basic Industries Corporation (Sabic) and the Petrochemical Industries Company (PIC) of Kuwait, uses locally available natural gas for the production of ammonia, urea and methanol – its sole products.

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