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Saudi Arabia’s PetroRabigh reports loss in Q3

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/10/2015 (14:40)
According to media sources, Saudi Arabia’s Rabigh Refining and Petrochemical (PetroRabigh) reported a net loss of SAR460 million ($122.7 million) in the third quarter of this year compared with a net profit of SAR294 million ($78.3 million) in the same period of 2014.

Lower margins from the petrochemical segment and weaker crude oil prices were blamed for the company’s loss in the July-September period.

The company also reported that it started maintenance work at its polymer sites on October 11. The polymer plants are expected to be offline for around 50 days. PetroRabigh is able to produce 300,000 tons/year of HDPE, 600,000 tons year of LLDPE and 700,000 tons/year of PP.
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