1. Sabic Seeks Big Projects As Reorganization Continues

    ...s second best year in output terms, a recovery in net income to $4.9bn – aided by the linking of petchems prices to crude oil – was still less than two-thirds of its record $7.8bn in 2011 (see charts). The bulk of the drop in output for 2017 was accounted for by the company’s ‘metals’ division, wi...

    Volume: 61
    Issue: 17
    Published at Fri, 27 Apr 2018
  2. Saudi Tankers Merger Gets Green Light

    ...hri’s 107 VLCC voyages in 2011 were 45% Middle East Gulf to East Asia, 30% Middle East Gulf to the US, and 25% West Africa to East Asia. “This means Bahri will have a large portion of spare VLCC capacity to deploy on the Middle East-Europe and US routes, once it completes the purchase,” said Audi Capital....

    Volume: 57
    Issue: 17
    Published at Fri, 25 Apr 2014