How did Borouge achieve a 23% quarter-on-quarter net profit increase despite the April attack and shutdown at its Ruwais complex?

Borouge achieved a 23% quarter-on-quarter net profit increase primarily due to rising polyolefin product prices, which drove profitability despite the April attack-induced shutdown at its Ruwais integrated petrochemical complex. The company maintained supply continuity by deploying multimodal logistics—road, rail, and sea transport—to fully deliver its quarterly production and even supplement shipments with inventory, enabling sales of 900,000 tonnes against a production volume of 700,000 tonnes. Although average capacity utilization was only 60% due to phased unit restarts and raw material supply constraints, robust pricing and effective operational resilience under disruption were the core drivers of the profit surge.

What is Borouge's operational outlook for the second half of 2026, and what remains the sole constraint to achieving full design capacity?

Borouge confirmed that all damaged production units at the Ruwais integrated petrochemical complex have been fully repaired, and it plans to maintain high operating rates across the Ruwais chemical park in the second half of 2026—progressively increasing processing volumes toward full design capacity—provided no new operational or logistics disruptions occur. The company explicitly identified raw material supply as the only remaining constraint to achieving full design capacity, underscoring that plant readiness and infrastructure recovery are complete, and operational execution now hinges solely on feedstock availability.