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FINANCIAL NEWS
Saudi PetroRabigh’s operations halted by power cut
31 Dec 2012
(MENAFN) Production at Saudi Arabia’s PetroRabigh refining and petrochemicals complex was interrupted on Sunday due to a power cut, Reuters reported.
PetroRabigh is a joint venture between Saudi Aramco, the world’s largest oil company, and Japan’s Sumitomo Chemical.
The company said in a bourse statement that supplies of power and steam had been cut from provider Rabigh Arabian Water and Electricity Co (RAWEC).
RAWEC is owned by Japan’s Marubeni, JGC Corp, Itochu, Saudi Acwa Power and PetroRabigh.
The company said it was working on bringing back production units at the giant petrochemical complex, which includes a 400,000 barrel per day oil refinery.
PetroRabigh’s first phase has an annual output capacity of 18 million tonnes of refined products and 2.4 million tonnes of petrochemicals.
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