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Chemical Week Magazine :: New Construction Projects
Petro Rabigh expansion costs escalate to $8.5 billion
6:56 AM MDT | May 23, 2014
The cost of a previously announced project that aims to significantly expand the capacity of Petro Rabigh (Rabigh, Saudi Arabia) and introduce new products to the companyâ€™s portfolio will cost much more than originally estimated, the company has announced. Petro Rabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, had originally envisaged the cost to be about $7.00 billion. The latest estimates put the expansion costs at 32 billion Saudi riyals ($8.53 billion). The project, scheduled for completion in 2016, foresees expanding the jvâ€™s ethane...
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