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Wednesday, 19 May 2021 12:07 GMT

Saudi Arabian, Qatari growth helps to offset declines in some other markets in ME


( MENAFN )Saudi Arabia and Qatar came up as top regional development markets for global oilfield services contractor Schlumberger.

Enlargement in both countries aided to equalize drops in some other markets across the Middle East and Asia.

The US company announced an overall 20 percent fall in net profit to USD299 million in the first three months.

The result is higher than estimation of analysts because of concerns of the lasting effect of the Coronavirus pandemic on the global oil market.

Global oil demand should be as its level before the pandemic by the end of coming year.


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