Aramco to acquire additional 22.5% stake in Petro Rabigh from Sumitomo Chemical
Aramco signed a definitive agreement to acquire an additional 22.5% stake in Petro Rabigh from Sumitomo Chemical for $702 million, increasing its ownership to about 60%, with additional financial measures to support Petro Rabigh.
Capacity
4.9 million tons of petrochemicals and 14.9 million tons of refined products per year
Productsrefined petroleum productspetrochemicals
“Aramco to acquire additional Petro Rabigh shares from Sumitomo Chemical.”aramco.com
- 2 sources
- aramco.comAramco to become majority shareholder in Petro Rabigh, an integrated refining and petrochemical complex in Saudi Arabia | AramcoAug 7, 2024
- polimericanews.comAramco takes control of Petro RabighCarlo LatorreSep 4, 2024
Summarized from public sources; check the original articles before acting on it.
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