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World News and Views :: Projects
Rabigh II project to merge with Petro Rabigh
7:40 AM MDT | August 24, 2014 | Natasha Alperowicz
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), has announced that, after comprehensively assessing phase two of the investment currently under way, the company’s board of directors has approved merging Rabigh II with Petro Rabigh. Petro Rabigh is a joint venture between Saudi Aramco and Sumitomo Chemicals. Part of Petro Rabigh is listed on the Saudi Stock Exchange. Rabigh II is currently owned by the founding partners, who, prior to transfering project ownership to Petro Rabigh, need to ensure that financial loans are in...
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