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$2bn Saudi Rabigh loan deal soonThe $2 billion loan being raised to help fund the construction of the Rabigh 2 independent power project in Saudi Arabia should be signed by the end of the month, four banking sources said on Sunday. More… |
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Taqa-led group lowest bidder for Saudi power plantAn Abu Dhabi-led group submitted the lowest price to build a power station in Saudi Arabia, a Saudi statement said, and a source said the group will go into exclusive talks on the project. The c More… |
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Aramco, Sumitomo to sign Rabigh deals soonState oil giant Saudi Aramco and Japan's Sumitomo Chemical are close to signing multi-billion-dollar contracts to expand their petrochemical complex in Saudi Arabia, industry sources said. Aramco and Sumitomo have taken longer than exp More… |
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$7 billion Rabigh expansion to go aheadSaudi Aramco and Sumitomo Chemical Co have agreed to go ahead with a $7 billion expansion of the Rabigh II petrochemical project in the kingdom, the Japanese firm said on Friday, quelling doubts about the future of the delayed project. The More… |
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UK, Korean firms picked for Rabigh 2 projectSaudi Aramco and Japan's Sumitomo Chemical have issued letters of intent to at least two contractors who submitted the lowest bids to expand a petrochemical complex in Saudi Arabia. With this step, the firms have moved closer to a decision More… |
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Almajdouie completes major hauling jobAlmajdouie, a leading transportation, freight forwarding, logistics and distribution firm in Saudi Arabia, recently executed a major job of shifting three huge evaporators in Rabigh simultaneously. Doosan Heavy Industries (DHI), a Kor More… |
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Rabigh II partners ask bidders to waitState oil giant Saudi Aramco and Japan's Sumitomo Chemical have told companies bidding to expand their joint petrochemicals complex in Saudi Arabia they need more time to pick contractors, industry sources said. The partners have as More… |
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PetroRabigh seeks interest in bids for expansionPetroRabigh has asked contractors for expressions of interest in building parts of an estimated $6-8 billion second phase of its sprawling petrochemical complex in Saudi Arabia, industry sources said. The planned expansion includes enginee More… |
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Saudi Electricity approves $3.92bn projectsState-controlled Saudi Electricity Company (SEC) on Monday said it approved the award of 14.7 billion riyals worth ($3.92 billion) of power projects to meet rising demand. The award includes expansion of the Rabigh power More… |
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Signs of MTBE found in Rabigh naphthaSaudi Arabia-based PetroRabigh said on Wednesday that the gasoline-additive methyl tertiary butyl ether (MTBE) has been found in Rabigh naphtha, a grade used specifically for cracking in petrochemical plants. Traders earlier said some 200, More… |
