Petro Rabigh Swings into Profit, Plans Maintenance in April

Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, has announced un-audited financial results for the year ended 31st December 2010. Operating income in the fourth quarter of last year was SR67.1 million ($17.9 million) compared with an operating loss of SR184.4 million in the corresponding period of 2009. Net income was SR52.6 million against a net loss of SR323.7 million in the year-earlier period and a net loss of SR237.2 million in the third quarter of 2010. The company...

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