Jun 05 2011 |
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Saudi's Petro Rabigh: Refinery Maintenance TO Impact Sales
Sunday, Jun 05, 2011
DUBAI (Zawya Dow Jones)-- Rabigh Refining and Petrochemical Co. (2380.SA), or Petro Rabigh , will carry out maintenance on its refining and chemical production units in June and July, likely impacting second and early third-quarter sales, the company said Sunday.
Work will take place on the crude distillation unit from June 7, on the ethane cracker in late June and the high olefins cracking unit in mid-July, Petro Rabigh said in a statement posted on the Saudi bourse website.
"The financial impact...will be a decrease in the sales of the second quarter and a decrease in the polypropylene sales during the first two weeks of the third quarter," the statement said.
The company's shares closed down 1.43% at 27.50 Saudi riyals ($7.3) Saturday.
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
05-06-11 0653GMT
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