Advanced Petrochemical Co. expected to earn SAR 35 million in profit annually, subject to market price, from its short-term sales agreements with Saudi Aramco Total Refining and Petrochemicals (SATORP) for the supply of 80,000 tons of propylene a year, the company said in a statement to the Saudi bourse, Tadawul.
Advanced announced yesterday that it will start receiving propylene from SATORP on October 1, 2014, according to Argaam.
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