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FINANCIAL NEWS
Bahrain’s GPIC exports jump to 11pct
03 Jan 2017
(MENAFN) Bahrain-based Gulf Petchem Industrial Co. exported 1.23mn tons amid 2016, against 1.01mn tons exported in the previous year, posting an increase of 11 percent.
Furthermore, the firm also exported 348.472 tons of urea to the emerging Brazilian market, which is the largest amount to be exported since the start of production.
Additionally, Brazil also accounted for the largest share of the firm’s total exports at 49 percent, followed by the U.S. a share of 19 percent and Taiwan at 15 percent.
The firm also produced 117.000 tons of ammonia amid the last quarter of the year, of which 17.900 tons was exported, surpassing the 2015 number of 12.354 thousand tons.
M
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