Saudi petrochemicals company Yansab is on course for its most profitable year since 2021 as a result of higher commodity prices caused by the Hormuz crisis. Profits were up 283% over the first nine months of the year to $135mn thanks to its ability to maintain exports throughout the conflict.
It’s a marked turnaround for the company, which, like other Saudi petrochemicals producers, has suffered from low margins in recent years as global oversupply deflated prices. (CONTINUED - 682 WORDS)
