State-owned Saudi Arabian Oil Co., or Saudi Aramco, remains "very much committed" to the expansion of Rabigh Refining & Petrochemical Co.'s plant, despite delays, a senior company executive said Tuesday.
State-owned Saudi Arabian Oil Co., or Saudi Aramco, remains "very
much committed" to the expansion of Rabigh Refining & Petrochemical
Co.'s plant, despite delays, a senior company executive said Tuesday.
The company, better known as Petro Rabigh, is planning an estimated $6-8
billion expansion project at its giant petrochemical complex.
Saudi Aramco and Japan's Sumitomo Chemical Co. (4005.TO) each hold a 37.5%
stake in Petro Rabigh, with the remaining 25% owned by the general public,
according to Zawya.com data.
Feasibility studies for the work were finished earlier and an announcement on
the financing for the planned expansion was "not far away", Aramco
Vice President Abdul Aziz al Judaimi said at a Saudi petroleum conference.
Aramco is open to "all kinds" of possible financing for the work,
including sukuks, he added.
Aramco and Sumitomo signed an agreement on the plant expansion in 2009. At the
time, contracts for the work were slated to be announced by 2011.
Judaimi said Aramco remains in regular contact with Sumitomo about the project.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01