IHS Chemical Week

Chemical Week Magazine :: New Construction Projects

Rabigh II petchem plan to be merged with Petro Rabigh

7:38 AM MDT | August 24, 2014 | —Natasha Alperowicz

Petro Rabigh (Rabigh, Saudi Arabia) has announced, after a comprehensive assessment of the company’s Rabigh II project, that its board of directors has approved plans to merge Rabigh II with Petro Rabigh. Petro Rabigh is a joint venture between Saudi Aramco and Sumitomo Chemical. Part of Petro Rabigh is listed on the Saudi stock exchange. The Rabigh II project is currently owned as a separate entity by Aramco and Sumitomo, which, prior to transferring ownership of the project to Petro Rabigh, need to ensure that financial loans are in place to implement the...

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