Petro Rabigh Narrows Second-Quarter Losses

Petro Rabigh (Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, says it has narrowed its net loss for the quarter ended June 30, 2012. The company reported a net loss of SR104.4 million ($27.84 million), compared with a net loss of SR402.3 million in the same quarter of 2011 and SR115.8-million net profit reported in the first quarter of this year. Gross profit for the second quarter reached SR173.2 million, compared with SR178.9 million in the same quarter of 2011. Petro Rabigh reported an operating loss of SR62.2 million in...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers