Shatrabig’s net profit fell by 4.4% in the fourth quarter of last year
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Shatrabig added that the main reason for the drop in net profit in the fourth quarter of last year was the decline in refining profits. In addition, operating profit also fell by 20% year-on-year, to US$14.31 million.
The Shatrabig refinery can process 400,000 barrels of crude oil per day, which accounts for about 19% of Saudi Arabia's total refining capacity.
It is noteworthy that the products produced by Shatrabee in 2009 were mainly sold in Saudi Arabia, North Africa and Europe.