CEO of Saudi Tasnee says higher oil prices is good for Saudi Acrylic Acid prices

27/10/2014 Argaam

The National Industrialization Co. ’s (Tasnee) CEO, Saleh al Nozha,  said that higher oil prices will reflect positively on acrylic acid prices.

 

The operation cost of Saudi Acrylic Acid and executing Sadara and Sabic projects have had an impact on the profit, he told al-Arabiya TV, adding that the market for such products is currently bearish.

 

Tasnee’s 9-month profit added 10 percent to SAR 972.8 million or SAR 1.45 a share, according to Argaam. 

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