Rabigh Refining And Petrochemical Company JSC (Saudi Arabia)

Saudi Aramco and Sumitomo Chemical started the Petro Rabigh Project with the aim of building integrated oil refining and petrochemical operations by way of upgrading Saudi Aramco’s oil refinery and constructing a new petrochemical complex. A joint venture agreement was signed between Saudi Aramco and Sumitomo Chemical in August 2005 and Petro Rabigh was established, an equally owned joint venture to run the Rabigh complex, in September of the same year. In January 2008, Petro Rabigh held its initial public offering (IPO) on the Saudi Arabian stock exchange. In October 2008, Saudi Aramco transferred its oil refinery to Petro Rabigh, and the newly completed Rabigh complex began operations in April 2009. It engaged in the production and marketing of refined hydrocarbon and petrochemicals. Petro Rabigh's refinery is located in Rabigh city, Saudi Arabia, consists of vacuum distillation unit, vacuum gas oil hydro treating unit in addition to a high olefins fluid catalytic cracker complex.