Rabigh Refining & Petrochemical Co. (PETRORABIGH) is a (50:50) joint venture between Saudi Aramco and Japan's Sumitomo Chemical. The plant is valued at around US$10 billion and comprises 23 plants producing 18.4 million tons per annum (mpta) of petroleum-based products and 2.4 mpta of ethylene and propylene-based derivatives. Upon conversion, PETRORABIGH's products will go on to be used in such end products as: plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibres, household appliances, packaging, candles, film, pipes and thousands of other applications. The PETRORABIGH plant is located on the Red Sea, on a 3,000 acre site occupied by an Aramco topping refinery.
GulfBase GCC Index
All data at market close
Looking ahead, what change you are more likely to make in investing in your domestic stock market?