PETRORabighRabigh Refining & Petrochemical Company
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PetroRabigh, which started partial operation of its facilities in fourth-quarter 2008, has the capacity to produce up to 60,000 barrels per day (bpd) of high octane gasoline that will be converted from fuel oil.
Saudi Aramco operates oil export terminals at Duba, Jeddah, Jizan, Jubail, Ju'aymah and Ras Tanura, while PetroRabigh operates a terminal at Rabigh.
PetroRabigh started partial operation of its facilities in the fourth quarter of 2008.
From this new set of crackers, only PetroRabigh will be entirely ethane-based.
PetroRabigh will stage an initial public offering (IPO) of 219m shares from Jan.
Aramco has a joint venture with Dow Chemical Co to build the $20 billion Sadara petrochemical complex in Jubail that is due to come on stream in the second half of 2015 is also expanding its petrochemical complex called PetroRabigh that it jointly owns with Sumitomo Chemical.
PetroRabigh, a refinery and petrochemicals complex at Rabigh on the Red Sea is being developed with Sumitomo Chemcials of Japan at a cost of $8 bn (see down14SaudiRefOct3-05).
PetroRabigh is SA's JV with Sumitomo Chemical of Japan and its complex is at Rabigh, on the Red Sea coast.
With its partner Sumitomo of Japan, Aramco neared completion of an expansion at PetroRabigh, its integrated refining and chemicals complex on the Red Sea coast.
Saudi Arabia's PetroRabigh has received up to six bids from foreign engineering companies for the construction of new units at its petrochemical and refining complex in Rabigh, according to sources.
Saudi Arabia's PetroRabigh yesterday said its second-quarter net profit nearly tripled as margins on some of its products improved.
PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, has yet to decide the offer price and number of shares in the rights issue and is subject to the "necessary approvals", according to a bourse statement.