Petrofac profits from high price of oil
The surge in oil prices is bringing bumper profits for many in the industry and Petrofac has found itself benefiting from the boom.
The company builds equipment used in oil and gas production and saw its profits up almost 60% to $560m last year.
Chief Executive Ayman Asfari told the BBC that Petrofac is becoming increasingly profitable as the size of the industry grows.
07 Mar 2011
- From the section Business