Saudi’s PetroRabigh to shut eth­ane cracker

Kuwait Times - - BUSINESS -


Saudi Ara­bia’s Rabigh Refin­ing and Petro­chem­i­cal Co (PetroRabigh) will shut its eth­ane cracker for 21 days ef­fec­tive from Nov. 14 for main­te­nance, the com­pany said in a bourse fil­ing yes­ter­day. The sus­pen­sion, which aims to im­prove the plant’s safety and ef­fi­ciency, will im­pact the firm’s fourth-quar­ter earn­ings by around 375 mil­lion riyals ($100 mil­lion), the state­ment added. It is the sec­ond time in re­cent months that the firm, a joint ven­ture be­tween Saudi Aramco and Ja­pan’s Su­mit­omo Chem­i­cal, has shut the unit. PetroRabigh shut the cracker down as a pre­cau­tion on June 23 to work on dam­age to one of the unit’s tur­bines, res­tart­ing it on July 14.

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.