Petro Rabigh Start Up Delayed to Early 2009, Costs Increase

Some unspecified technical issues may lead to delay of start-up at some units at Petro Rabigh, the joint venture between Saudi Aramco and Sumitomo Chemical, to first-quarter of 2009, and add $300 million in costs to the massive $10-billion refining and petrochemical complex in Rabigh, Saudi Arabia. The project is 97.6% complete at the end of August, according to a statement from Sumitomo Chemical, a partner with Saudi Aramco in the project. Some utilities and power facilities are already in operation, and ethane and butane pipelines are ready to receive the...

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