Habes Alshammari has been the chief operating officer at the Methanol Chemicals Co. since September. Prior to that, he worked on a specialized project in military industries. He was the general manager for military explosives at the Saudi Chemical Co. from September last year until taking up his current position. From January 2020, he was managing director at ANBA Gulf, senior
RIYADH: SATORP, a joint venture between oil giant Aramco and France’s Total Oil Co., swung to profits of SR7 billion ($2 billion) in the first nine months of 2022. It managed to erase losses of SR1.2 billion from the same period a year earlier as sales more than doubled to nearly SR59 billion, according to a bourse filing. The firm has also outperformed in the third quarter of
RIYADH: SATORP, a joint venture between oil giant Aramco and France’s Total Oil Co., has named Abdullah Al-Suwailem as its new president and CEO. Al-Suwailem will be replacing Sulaiman Ababtain as of Sept. 1 for a period of five years, according to a bourse filing. Al-Suwailem has over 34 years’ experience in the refining and petrochemical industries and has held various
RIYADH: SATORP, a joint venture between oil giant Aramco and France’s Total Oil Co., swung to profits of SR4.5 billion ($1.2 billion) in the first half of 2022. It managed to erase losses of SR1.03 billion from the same period a year earlier as sales more than doubled to nearly SR40 billion, according to a bourse filing. The firm attributed the positive results to improved
RIYADH: SATORP, a joint venture between oil giant Aramco and France’s Total, narrowed losses by 65 percent in 2021. Losses went down from as high as SR2.59 billion ($690 million) to SR908 million in 2021, according to a bourse filing. This came as revenue soared 84 percent to SR41.7 billion during the year, said the company, formally known as Saudi Aramco Total Refining and