FINANCIAL NEWS

Saudi petrochemical exports fall 28% in April

04 Jul 2010

(MENAFN) SPA reported that the value of Saudi Arabia?s petrochemical exports fell 27.8 percent in April compared with March as product prices declined.

The value of petrochemical exports fell to $693 million from $960 million, the Department of Statistics and Information said in a statement.

Abdul-Rahman al-Zamil, the head of Saudi Arabia?s Export Development Center, said in an interview that there was no drop in production.

The petrochemical sector will not see higher gains in the second quarter of this year compared to the first, but it will do good overall, he said.

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