Thursday, November 17, 2011

Q3 operating profit of South Korean refiners’ petrochemicals segment sky rockets

GS Caltex’s operating profit of its petrochemicals segment soared 125.3% year on year to Won 199.9 bln (US$177.7 mln) in Q3-2011, from Won 88.7 bln a year ago, as per Platts. GS Caltex, South Korea's second-largest oil refiner, attributes the profit to strong demand for its petrochemical products.

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