Middle East

Middle East

Sabic posts 38pc drop in Q1 net

Sabic made a net profit of SR3.41 billion in the three months to March 31, down from SR5.51 billion in the year-earlier periodSaudi Basic Industries Corp (Sabic) expects...

Middle East

In Brief

Agoco output 304,000 bpdBENGHAZI: Eastern Libyan state oil firm Agoco, a subsidiary of state oil firm NOC, is producing 304,000 barrels a day of oil, its chairman told...

Middle East

Saudi Taqa buys key rigs unit

Saudi Arabia’s Industrialisation and Energy Services Company (Taqa) announced that its drilling subsidiary, Arabian Drilling Company (ADC), has agreed to acquire...