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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 company’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 jv’s ethane...

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