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المواطن
Louvre profits rise 199% to $196M
Luberef, a subsidiary of Saudi Aramco for base oils, achieved a significant increase in its profits during the second quarter of 2026, reaching 734.1 million Saudi riyals (195.76 million USD), representing a 199.4% increase compared to the same quarter of the previous year. This rise was driven by higher margins in base oil cracking. Additionally, its profits for the first half of the year increased by 112.6%, reaching 992.06 million Saudi riyals (264.55 million USD), reflecting improved financial performance due to the increased demand for the company's products.
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