Equate Petrochemical Says 2011 Net Increases 20% to $1 Billion

Equate Petrochemical Co., a joint venture of the Dow Chemical Co. (DOW) and Boubyan Petrochemicals Co (BPCC), Qurain Petrochemical Industries Co., posted a 20 percent increase in 2011 profit to $1.05 billion, according to an e- mailed statement today.

Sales “exceeded” $2.5 billion in the same period, it said.

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net

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