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PART TWO
OAPEC Activities in 2012
Financial Results for the First Half of 2012
Operating and other revenues amounted to Libyan Dinars 14,543, while
expenses totaled Libyan Dinars 12,364, i.e. posting a net profit of Libyan
Dinars 2,179.
Manpower and Training
By the end of first half of 2012, the company had 646 employees.
VIIII. THE ARAB DETERGENT CHEMICALS COMPANY
(ARADET)
The companywas establishedon12March1981 inBaghdad, Iraq,withan
authorized capital of Iraqi Dinars 72million, and subscribed and fully paid-
up capital of Iraqi Dinars 36million. Three OAPEC member countries, i.e.
Iraq, Saudi Arabia, and Kuwait, in addition to three companies: APICORP,
Arab Mining Company – Jordan, and Arab Investment Company, have
stakes in ARADET.
I. Company Activities in 2011
In 2011 the company managed to maintain high levels of operation and
marketing, and attained good results during the year, although marketing
operations were affected by the events in Syria, as the major clients of the
company are from Syria.
During the year the company achieved net sales exceeding Iraqi Dinars
83million (equivalent to about US$5.70million). The company marketed
34,504 tons of LinearAlkyl Benzene, against about 36,326 tons marketed in
2010. The company also marketed, in 2011, the surplus of its intermediate
products, such as Paraffin, about 1,490 tons, and B.T.X, about 6,600 tons,
as well as other by-products.
The Company’s Financial Status in 2011
The financial statements showed a total profit in 2011 of nearly US$9.10
million, compared to a total profit of about US$8.9 million realized in 2010.
