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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

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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.

Iraqi crude oil export revenues $7 billion in October, says oil ministry

Iraq exported crude oil worth $7 billion in October.
  • Iraqi oil ministry's said more than 96 million barrels of crude oil were exported in October.
  • Most of the oil--93 million barrels--was exported from the oil fields in central and southern.

Iraq’s crude oil export revenues reached $7 billion in October, according to the Iraqi Oil Marketing Company (Somo).

Local media reports, which cited the Iraqi oil ministry’s statement, said more than 96 million barrels of crude oil were exported in October.

Of this, the quantity of crude oil exported from the oil fields in central and southern Iraq was more than 93 million barrels, while more than three million barrels from Kirkuk were exported through the port of Ceyhan.

The reports said the average price per barrel was 79,274 dollars and the oil was loaded by 32 international companies of different nationalities from the ports of Basra, Khor al-Amaya, single floats on the Gulf and the Turkish port of Ceyhan.