Nov 25 2007
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Petro Rabigh Aims to Intensify Saudi's Manufacturing Boom
Petro Rabigh said in a statement that the massive integrated facility is being constructed at the site of Saudi Aramco 's existing Rabigh refinery, which produces 19 percent of the Kingdom's current refining capacity. The existing Rabigh refinery, which was commissioned in 1989, has a current crude processing capacity of 400,000 barrels per day (bpd) and currently produces naphtha, kerosene, diesel and fuel oil.
The $10 billion project, located at the Red Sea port of Rabigh, is scheduled for completion in the third quarter of 2008 with commercial operations expected to commence in the fourth quarter of next year. Ethane-derived products produced at Petro Rabigh will include: ethylene, polyethylene, propylene, polypropylene, propylene oxide and ethylene glycol. Crude-oil derived products produced at Petro Rabigh will include: gasoline, naphtha, kerosene, diesel and fuel oil.
"We are attracting people to come and build, to use the materials we produce to make things," Al-Dosari said. "This venture will get bigger and bigger, employing many Saudis and leading to the growth of the country's GDP. There is a great deal of excitement about this project. The atmosphere is positive, optimistic. We are laying the foundation. We are paving the way for a new Saudi Arabia."
Saudi Aramco will supply Petro Rabigh with the feedstock necessary to operate the plant, including ethane, on a long-term, fixed-price basis and will market the refined products produced by Petro Rabigh . Sumitomo Chemical will provide petrochemical international sales and marketing expertise, as well as technology licensing.
© Arab News 2007
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