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Industries Qatar posts QR5.4bn in petchem revenue

Industries Qatar (IQ) has said its new facilities have helped the group boost its revenue in its petrochemical segment in 2013, the Peninsula has reported. The group marked the first full year of operation for QR12.8bn of petrochemical and fertiliser facilities launched during 2012, which added 2.0mtpa of urea and 240,000tpa of LPDE to the group’s capacity, increasing the overall production capacity from 13.7 mtpa to 16.0mtpa. Revenue in the petrochemical segment for last year was QR5.4bn, an increase 12.3%, compared with the previous year.