Monday, Jun 06, 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.
Petro Rabigh has a production capacity of 18.4 million metric tons a year of refined petroleum products, 2.4 million tons a year of petrochemical products and 400,000 barrels a day of crude oil.
The company's shares closed down 1.43% at 27.50 Saudi riyals ($7.3) Saturday.
-By Angus McDowall, Dow Jones Newswires; +971-4-446-1685, angus.mcdowall@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
06-06-11 0351GMT
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.
Petro Rabigh has a production capacity of 18.4 million metric tons a year of refined petroleum products, 2.4 million tons a year of petrochemical products and 400,000 barrels a day of crude oil.
The company's shares closed down 1.43% at 27.50 Saudi riyals ($7.3) Saturday.
-By Angus McDowall, Dow Jones Newswires; +971-4-446-1685, angus.mcdowall@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
06-06-11 0351GMT
