| Announcement Detail |
Rabigh Refining and Petrochemical Company (Petro Rabigh) announces the financial completion of Rabigh Project (Phase II) on September 30, 2020, according to the requirements of the lenders. The importance of this completion lies in affirming the company's ability to fulfill its financial obligations by using its revenues from operations, which supports the company's financial position. This milestone comes after the achievement of the Creditors Reliability Test with an average initial production rate of 99%, and the subsequent financial integration of the Rabigh Project (Phase II) that took place during the 4th quarter of last year, as previously announced. |
Comments