Saudi Aramco has agreed to purchase a 22.5% stake in the petrochemical joint venture Petro Rabigh from Japan’s Sumitomo Chemical for $702 million, as announced in a joint statement on Wednesday.

Rabigh Refining and Petrochemical Co. (Petro Rabigh) has witnessed a shortage in ethane and crude oil supplies at 8 percent and 12.5 percent respectively, as of Sep. 14, 2019, the company said in a ...

Petro Rabigh was originally established as a basic topping refinery, with crude oil processing facilities, at Rabigh on the kingdom’s Red Sea coast to the north of Jeddah. However, in 2005, Aramco and ...

S audi state oil giant Aramco said on Wednesday that it has agreed to acquire an additional 22.5 per cent stake in Petro Rabigh, its petrochemical joint venture with Japan’s Sumitomo Chemical ...

Aramco has signed a definitive agreement to acquire an additional stake of approximately 22.5 per cent in Rabigh Refining and Petrochemical (Petro Rabigh), the refining and petrochemical complex ...

Saudi state oil giant Aramco said on Wednesday that it has agreed to acquire an additional 22.5 per cent stake in Petro Rabigh, its petrochemical joint venture with Japan’s Sumitomo Chemical ...

Aramco acquires further Petro Rabigh stake. Upon the completion of the transaction, in which a share is priced at SAR7, Aramco will become Petro Rabigh’s largest shareholder with an equity stake of ...

While TAQAT confirmed via its website the December 2020 signing of its agreement with Petro Rabigh’s refinery for the needle coke plant’s development and associated feedstock supply, the ...