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Petro Rabigh project likely to kick off in 2016

Petro Rabigh project likely to kick off in 2016
PETRO RABIGH
2380
-22.95% 7.69 -2.29
Rabigh Refining and Petrochemical Co. (Petro Rabigh) is making progress in implementing the second phase of its ‘Petro Rabigh 2’ project, which includes expanding the complex of producing petrochemicals and refining oil, according to Al-Riyadh newspaper.
This phase includes expanding the outstanding ethane cracker to process additional 30 million cubic feet and building a complex through which more than 2.7 million tons of naphtha will be processed per year at an estimated cost of SAR 32 billion riyals.
The project is expected to come on stream in 2016.
Photo Credit: Arabianeye-Reuters