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Old 12th May 2008 | 15:54
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fractional
 
Joined: Mar 2001
Posts: 702
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From: The Palm
330 Man
EK does announce their hedging results as part of the annual report
It isn't mentioned it's the result of hedging... You are assuming the 1.6% increase is part of the hedging strategy. Well, I don't think it's so clear as you say. Is it then a yearly strategy? There is a lot of "engineering" to make it look good, is there not?
I enjoy the perks, but I'm not blind.
The UAE refines JET A1. It wouldn't be prudent if the Gulf did not have a source of this important ingredient for the much antecipated growth. There must be other major oil producers in the Region doing so too.

Billy, the APU running, it's another story. They care...
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