ENERGY

Saudi Arabia's Petro Rabigh ships first cargo export

The Saudi Arabia-based Rabigh Refining and Petrochemical Company exported its first shipment from King Abdullah port on Sunday. (File photo: Reuters)

Rabigh Refining and Petrochemical Company (Petro Rabigh) exported Sunday the first shipment of petrochemical products from King Abdullah Port, located in King Abdullah Economic City in Rabigh. The shipment represents the first export operation of the port, which is honored with name of the Custodian of the Two Holy Mosques, King Abdullah.

The cargo, which consists of 54 containers of polymer material, was shipped on board a carrier heading to Singapore, one of the most important Asian markets for Petro Rabigh products.

President and Chief Executive Officer of Petro Rabigh Engineer Abdullah bin Saleh Al-Suwailem said: “The importance of this shipment lies in the fact that it is the first shipment exported by Petro Rabigh through King Abdullah Port, and it represents support of the port and the commercial traffic in the area. It is also a significant step forward in the export operations of Petro Rabigh products due the proximity of the port to the headquarters of the Company’s operations, which contributes to the reduction of logistics costs for freight, accessing global markets faster, and relieving traffic and congestion at Jeddah Islamic Port.”

Petro Rabigh is a Saudi joint stock company, founded in 2005 as a joint venture between Saudi Aramco Company and Sumitomo Chemical Co., Ltd. of Japan. It is the largest refining and petrochemical complex built at one time.

Petro Rabigh presents a platform for the development of more diversified downstream conversion industries in the Kingdom. It is also consistent with the objective of creating opportunities for private local investment in various petrochemical related industries.

Petro Rabigh processes up to 400,000 barrels per day of Arabian Light crude oil, and uses 1.2 million tons per year of ethane as feedstock to produce a variety of petrochemical products. The complex produces 140 million barrels per year of gasoline, naphtha, jet fuel, diesel and fuel oil and 2.4 million metric tons per annum of polyethylene (PE), mono ethylene glycol (MEG), polypropylene (PP) and propylene oxide (PO). These products are marketed in local markets, the Gulf region, the Middle East, Asia, and Europe.

This article was first published in The Saudi Gazette on Jan. 6, 2014.
 

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Last Update: Monday, 6 January 2014 KSA 14:10 - GMT 11:10
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Saudi Arabia's Petro Rabigh ships first cargo export
The cargo, which consists of 54 containers of polymer material, was shipped on board a carrier heading to Singapore
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