Sunday 27 May 2018

PetroRabigh restarts after shutdown

Riyadh, August 10, 2014

Saudi Arabia's PetroRabigh is gradually resuming production after a technical failure at one of its units forced a shutdown of some operations on Saturday, the petrochemicals producer said in a bourse statement on Sunday.

The unit that failed, which handles air supply for control systems, has now been restarted and other units are gradually coming back online, with a full return to normal operations planned for this Friday, the statement said. It did not give further technical details.

The disruption will cause PetroRabigh's third-quarter profit to fall by nearly 30 million riyals ($8 million), the statement added.

The firm, a joint venture between state oil giant Saudi Aramco and Japan's Sumitomo Chemical, posted in July a 58 percent drop in second-quarter net profit to 172 million riyals.  - Reuters

Tags: aramco | PetroRabigh | Sumitomo |

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