Middle East Economic Survey

VOL. LIV

No 44

31-Oct-2011

SAUDI ARABIA

Petro Rabigh Plans To Seek $6Bn Phase II Financing In 2Q12

Rabigh Refining and Petrochemical Company (Petro Rabigh) plans to seek financing for its phase II petrochemical project, which is to cost around $5-6bn, sometime in the second quarter of 2012, MEES understands. Some financiers have speculated that project partners Saudi Aramco and Japans Sumitomo would be unwilling to fund Petro Rabigh II while the first phase is...