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{{short description|Petrochemical company of Saudi Arabia}}
{{infobox company
| name = Petro Rabigh <br /> بترو رابغ
| logo = Petro_Rabigh_LogoPetro Rabigh - Logo.jpgsvg
| logo_size = 200px
| caption =
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| successor =
| foundation = 2005
| founder = [[Saudi Aramco]] <br /> [[Sumitomo Chemical]]
| defunct =
| location_city = [[Rabigh]]
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| locations =
| area_served =
| key_people = [[AbdulazizOthman AlQudaimiA. Al-Ghamdi]] <small><br />(ChairmanPresident and CEO)</small><br />[[HiromasaIbrahim YonekuraQ. Al-Buainain]] <small>(Vice Chairman)</small><br />
| industry =
| products =
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}}
 
'''Rabigh Refining & Petrochemical Company''' ('''Petro Rabigh''') is a Saudi Arabia-{{En dash}}based company which produces and markets refined hydrocarbon and petrochemicals. The companyIt was founded in 2005 as a joint venture between [[Saudi Aramco]] and [[Japan|Japan’s]] [[Sumitomo Chemical]], whichand is now publicly held. It isand traded on the [[Saudi Exchange|Saudi Stock Exchange]] (TADAWUL:2380).
 
The plant is valued at about SAR 16.71 billion (25% funded by the public and the remainder equally funded by Saudi Aramco and Sumitomo Chemical) and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives.
Petro Rabigh's operates a {{convert|400000|oilbbl|m3|adj=on}} capacity refinery located in [[Rabigh]], [[Saudi Arabia]], which produces [[naphtha]], [[kerosene]], [[gasoline]], [[diesel fuel|diesel]] and [[fuel oil]].<ref>{{cite news|url=https://www.nytimes.com/2008/01/20/business/worldbusiness/20saudi.html?pagewanted=all|title=The Construction Site Called Saudi Arabia |last= Mouawad|first=Jad|date= January 20, 2008|work=The New York Times|accessdate=10 January 2010}}</ref>
 
Petro Rabigh products are used in such end products as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.
The company produces 140 million barrels of petroleum products and 5 million tons of petrochemical products every year.
 
Petro Rabigh II is an expansion project valued at US$9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.
The company held its [[initial public offering]] in January 2008.<ref>{{cite news|url=http://www.albawaba.com/en/countries/UAE/218473|title=petro rabigh ipo subscription exceeds sar 2.4 billion in two days|date=January 7, 2008|work= AlBawaba.com |accessdate=11 July 2008 }}</ref><ref>{{cite news|url=http://www.ameinfo.com/143699.html|title=Over 5,4 million Saudis pump over SAR16bn at Petro Rabigh IPO. HSBC Saudi Arabia Limited, the Financial Advisor and Lead Manager for the initial public offering (IPO) of Petro Rabigh, announced the victory achieved in Petro Rabigh IPO.|date=January 15, 2008|work=AMEinfo.com|accessdate=11 July 2008|deadurl=yes|archiveurl=https://web.archive.org/web/20110607044639/http://www.ameinfo.com/143699.html|archivedate=7 June 2011|df=}}</ref><ref>{{cite news|url=http://www.arabnews.com/?page=6&section=0&article=106164&d=28&m=1&y=2008|title=Petro Rabigh Debuts at 150% Above IPO Price |date=28 January 2008|work=Arab News|accessdate=10 January 2010}}</ref> Ownership of the company is 37.5% to Saudi Aramco, 37.5% to Sumitomo Chemical, and 25% to the public.[http://www.arabnews.com/node/1444701/saudi-arabia]
 
It is a site next to Petro Rabigh where downstream industries utilize Petro Rabigh products as feedstock to produce chemical compounds such as polyols, [[polymer stabilizers]], xylenes and solvents. The Rabigh Plastic Technical Center (R-PTC), a facility run by Sumitomo Chemical, provides technical support and training in plastic processing technology.
A feasibility study for a second phase for the plant is underway.<ref>{{cite news|url=http://www.arabianoilandgas.com/article-5327-aramco_signs_mou_with_sumitomo_for_petro_rabigh/|title=Aramco signs MoU with Sumitomo for Petro Rabigh |last=Henni |first=Abdelghani |date=April 20, 2009 |work=Arabian Oil and Gas |accessdate=10 January 2010}}</ref>
 
It is considered the first producer of many [[Petrochemical|petrochemical products]] and the only producer of [[propylene oxide]] in the [[Middle East]].[http<ref name=":0">{{Cite web |date=2019-01-31 |title=Petro Rabigh developments impress foreign diplomats in Saudi Arabia |url=https://www.arabnews.com/node/1444701/saudi-arabia |access-date=2021-11-08 |website=[[Arab News]] |language=en}}</ref>
 
In December 2020, the boards of directors appointed Othman Ali Al-Ghamdi as a board member and CEO, effective from Jan. 1, 2021, after the resignation of the CEO Nasser Damsheq Al-Mahasher.<ref>{{Cite web|date=2020-12-08|title=Petro Rabigh appoints new CEO as Nasser Al-Mahasher resigns|url=https://arab.news/5grpn|access-date=2020-12-08|website=Arab News|language=en}}</ref>
 
==References==
{{Reflist}}
 
==Further reading==
*[https://web.archive.org/web/20110520043438/http://www.monstersandcritics.com/news/business/news/article_1412480.php/Arab_bourses_upbeat_over_semi-annual_results_oil_prices Arab bourses upbeat over semi-annual results, oil prices MonstersAndCritics.com Jun 20, 2008, 16:06 GMT ] Retrieved 11 July 2008.
*[http://www.brandsoftheworld.com/search/117272882/187743.html Brands of the World 2008-03-10 – Petro Rabigh – Logo] Retrieved 10 January 2010.
 
==External links==
*[httphttps://www.petrorabighgoogle.com/finance/quote/2380:TADAWUL Petro Rabigh] on Google Finance
*[https://www.google.com/finance?q=TADAWUL:2380 Petro Rabigh] on Google Finance
*[http://news.thomasnet.com/companystory/817617 Honeywell Solutions Selected for One of World's Largest Integrated Oil Refining, Petrochemical Plants. 3 June 2008]
 
{{Portal|Saudi Arabia}}
 
{{DEFAULTSORT:Petro Rabigh}}
[[Category:2005Saudi establishmentsArabian incompanies Saudiestablished Arabiain 2005]]
[[Category:Companies established in 2005]]▼
[[Category:Companies listed on Tadawul]]
[[Category:Companies in the MSCI Tadawul 30 Index]]
[[Category:Companies of Saudi Arabia]]
[[Category:Petrochemical companies]]
[[Category:Saudi Aramco]]
[[Category:Japan–Saudi Arabia relations]]
▲[[Category:CompaniesEnergy companies established in 2005]]
 
 
{{SaudiArabia-company-stub}}
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