Middle East Economic Survey

VOL. LII

No 8

23-Feb-2009

SAUDI ARABIA

PetroRabigh Reports $334.9Mn Loss For 2008

The Rabigh Refining and Petrochemical Company (PetroRabigh) reported a loss of SR1.26bn ($336mn) for 2008, resulting from lower prices for refined products and delays in bringing the companys petrochemical operations and other refining units on-stream, PetroRabigh has said. The latter is a joint venture between Saudi Aramco and Japans Sumitomo which was formed in 2005 with the intention of...