Saudi Aramco downstream segment swings to loss, includes Sabic results for first time

MOSCOW (MRC) -- Saudi Aramco's downstream business, which includes the company's refining and chemicals segments, has swung to an EBIT loss of 2.98 billion Saudi riyals (USD795 million) in the third quarter from a profit of SR3.00 billion in the prior-year period, according to Chemweek. The year-on-year (YOY) decline "reflects a challenging market environment that continues to weaken ref

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