Mubasher TV
Contact Us Advertising   العربية

Petro Rabigh suspends operations ethane cracker for maintenance works

Petro Rabigh suspends operations ethane cracker for maintenance works
Petro Rabigh suspends operations ethane cracker for maintenance works
PETRO RABIGH
2380
-0.99% 9.98 -0.10

Riyadh – Mubasher: Rabigh Refining & Petrochemical Co. (Petro Rabigh), a joint venture of Saudi Aramco and Sumitomo Chemical Co., said it will suspend the operations of its ethane cracker unit for 21 days.

The suspension will start from 14 November in order to complete the temporary maintenance and safety works as well as to boost the unit production efficiency, said a bourse filling.

Petro Rabigh said the suspension is expected to negatively affect its gross profit margin with an amount of SAR 375 million, which will be reflected on its financial statements for the fourth quarter of 2016.