Petro Rabigh

Petro Rabigh
بترو رابغ
Private
Founded 2005
Founder Saudi Aramco
Sumitomo Chemical
Headquarters Coordinates: 22°42′35″N 39°1′19″E / 22.70972°N 39.02194°E / 22.70972; 39.02194, Rabigh, Saudi Arabia
Key people
 Abdulaziz AlQudaimi (Chairman)
Hiromasa Yonekura (Vice Chairman)
Website http://www.petrorabigh.com

Rabigh Refining & Petrochemical Company (Petro Rabigh) is a Saudi Arabia-based company which produces and markets refined hydrocarbon and petrochemicals. The company was a joint venture between Saudi Aramco and Sumitomo Chemical which is now publicly held. It is traded on the Saudi Stock Exchange (TADAWUL:2380).

Petro Rabigh's operates a 400,000-barrel (64,000 m3) capacity refinery located in Rabigh, Saudi Arabia, which produces naphtha, kerosene, gasoline, diesel and fuel oil.[1]

The company held its initial public offering in January 2008.[2][3][4] Ownership of the company is 37.5% to Saudi Aramco, 37.5% to Sumitomo Chemical, and 25% to the public.

A feasibility study for a second phase for the plant is underway.[5]

References

  1. ↑ Mouawad, Jad (January 20, 2008). "The Construction Site Called Saudi Arabia". The New York Times. Retrieved 10 January 2010.
  2. ↑ "petro rabigh ipo subscription exceeds sar 2.4 billion in two days". AlBawaba.com. January 7, 2008. Retrieved 11 July 2008.
  3. ↑ "Over 5,4 million Saudis pump over SAR16bn at Petro Rabigh IPO. HSBC Saudi Arabia Limited, the Financial Advisor and Lead Manager for the initial public offering (IPO) of Petro Rabigh, announced the victory achieved in Petro Rabigh IPO.". AMEinfo.com. January 15, 2008. Retrieved 11 July 2008.
  4. ↑ "Petro Rabigh Debuts at 150% Above IPO Price". Arab News. 28 January 2008. Retrieved 10 January 2010.
  5. ↑ Henni, Abdelghani (April 20, 2009). "Aramco signs MoU with Sumitomo for Petro Rabigh". Arabian Oil and Gas. Retrieved 10 January 2010.

External links

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