petrorabigh

Aramco, Sumitomo expect PetroRabigh expansion cost to jump to SR32bn

: Monday, May 19 - 2014 @ 11:07

PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, has said the expansion of the petrochemicals complex is now expected to cost SR32bn ($8.5bn), higher than previously estimated, Reuters has reported. The expansion plan, which aims to increase output from the plant as well as introduce higher-margin products, was originally estimated to cost around $7bn. The JV has had a number of setbacks because of maintenance issues in 2013 at its existing facility including power cuts and an outage at its ethane cracker. A company spokesman declined to provide further information.

Today's Top Stories

Posted by

Monday, May 19- 2014 @ 11:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically






JobsVIEW ALL

Search for jobs

Latest Jobs