Aramco Trading To Sell Petrochemicals Produced By Rabigh


News: Aramco Trading, a subsidiary of state-owned Saudi Aramco, is to sell the petrochemical products manufactured by domestic affiliate and petrochemical firm Rabigh Refining & Petrochemicals (Petro Rabigh). Aramco Trading will be engaged in the sale of products such as polypropylene and polyethylene made by Petro Rabigh. Aramco Trading began the physical deliveries of Petro Rabigh's first chemical products on April 1. Saudi Aramco and Sumitomo Chemical, which hold equal stakes of 37.5% each in Petro Rabigh, will sell equal quantities of products produced by Petro Rabigh. Petro Rabigh's remaining 25% stake is traded on the stock market.

This article is tagged to:
Sector: Petrochemicals
Geography: Saudi Arabia