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Nakilat suffers marginal setback in tough market

Earnings at the Arabian LNG carrier decreased by a little under QAR 30 million in 2016. Despite the downturn in the oil and gas market and overcapacity in the shipping markets, the carrier is pleased with the result.

Photo: Nakilat/PR

LNG carrier Nakilat finished 2016 with a small setback in earnings, according to a press release from the Saudi Arabian carrier based in Doha, Qatar.

Nakilat thus delivered a profit of QAR 955 million (USD 254.4 million) last year, against QAR 984 million in 2015, corresponding to a three percent decline.

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