Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2014
RELATED PARTY TRANSACTIONS [Abstract]  
RELATED PARTY TRANSACTIONS
NOTE 21 – RELATED PARTY TRANSACTIONS

Ghazi Sultan, a former Company director, was paid $138,000 for each of the years ended December 31, 2014, 2013, and 2012, respectively, for serving in the capacity of representing the Company in the Kingdom of Saudi Arabia.

Consulting fees of approximately $52,000, $98,000 and $0 were incurred during 2014, 2013, and 2012, respectively from IHS Global FZ LLC of which Company Director Gary K. Adams holds the position of Chief Advisor – Chemicals.  At December 31, 2014, and 2013, we had no outstanding liability payable to IHS Global FZ LLC.