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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Iraq exports crude oil worth over US$7bn in June 2023

Iraq exported around 300,000 barrels to Jordan in June. (WAM)
  • The majority of these exports - amounting to almost 99 million barrels - originated from the oil fields in central and southern Iraq.
  • The average daily export volume was pegged at over 3.3 million barrels. The average price per barrel for the month was recorded at $71.11.

BAGHDAD, IRAQ –   Total crude oil exports in June reached over 100 million barrels, the Iraqi government said in a statement.

The preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO) revealed that total crude oil exports in June generated revenue of approximately US$7.115 billion.

The majority of these exports – amounting to almost 99 million barrels – originated from the oil fields in central and southern Iraq.

In addition, around 300,000 barrels were exported to Jordan, while exports from Qayyarah totaled over one million barrels.

The average daily export volume was pegged at over 3.3 million barrels. The average price per barrel for the month was recorded at $71.11.

The Ministry of Oil, committed to transparency, has adopted this monthly reporting procedure to keep the public informed about export operations and the revenues they generate.