Petro Rabigh shuts down its complex in Rabigh after ventilation unit failure

10/08/2014 Argaam

Rabigh Refining & Petrochemical Co. (Petro Rabigh), a joint venture between  Saudi Arabian Oil Co. (Aramco) and Japan’s Sumitomo Chemical Co., estimated the financial impact of shutting down its industrial complex on Aug 9 to repair the ventilation units to be SAR 30 million, which will be reflected in the current quarter.

 

The complex will be fully operational on Aug 15, the company said in a statement to the Saudi Stock Exchange.

 

Rabigh petrochemical complex has an annual output capacity of 2.4 million tons of petrochemicals and a refinery with a daily capacity of 400,000 barrels of oil. 

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