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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: 61Issue: 17Published at Fri, 27 Apr 2018 -
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: 57Issue: 17Published at Fri, 25 Apr 2014