Riyadh – Mubasher: Saudi Aramco Total Refining and Petrochemical Company (SATORP) reported SAR 641.566 million in net losses last year, against a profit of SAR 446,903 in the year before, announced Arabian Aramco Total Services Company.

The loss is due to the decrease in both refining and petrochemical margins driven by market conditions in addition to unplanned maintenance activities, according to a statement on Sunday to the Saudi Stock Exchange (Tadawul).

The revenue decreased by 11.48% to SAR 39.46 billion from SAR 44.573 billion in 2018.