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Petro Rabigh resumes refining operations

November 03/2010

(Arabian Oil and Gas) -- The Rabigh Refining and Petrochemical Company (Petro Rabigh) in Saudi Arabia has resumed operations at its refinery after a power outage caused the complex to shutdown on Saturday 23 October. The company said that it had begun the process of restarting the cracker and derivative units.

The shutdown is the second in 10 days, and follows a problem at its polyethylene unit number one, caused by a compressor malfunction. The company resumed work at the unit after 24 hours.

Petro Rabigh has for the first time this week announced detailed financial statements of its sales. The disclosure reveals that its refining sector posted gross losses of US$418 million during the first nine months 2010, whereas its petrochemical division posted gross profits of $538 million.

Petro Rabigh resumes refining operations

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