Rabigh Refining & Petrochemical Company (Petro Rabigh) is a Saudi Arabia-based company which produces and markets refined hydrocarbon and petrochemicals. The Company was a joint venture between Saudi Aramco

Saudi Aramco

Saudi Aramco , officially the Saudi Arabian Oil Company, is the national oil company of Saudi Arabia.Saudi Aramco is the world's largest and most valuable privately-held company, with estimates of its value in 2011 to be $7 trillion USD.Saudi Aramco has both the largest proven crude oil reserves,...

 and Sumitomo Chemical Co. which is now publicly held. It is traded on the Saudi Stock Exchange (SAU:2380).

Petro Rabigh's operates a 400000 barrels (63,594.9 m³) capacity refinery located in Rabigh

Rabigh

Rabigh is an ancient town on the western coast of Saudi Arabia . It is in Makkah Province. It used to be named "Al-Johfa" until the early years of the 17th century. In some ancient stories the town had been completely destroyed through a sea water...

, Saudi Arabia

Saudi Arabia

The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...

, which produces naphtha

Naphtha

Naphtha normally refers to a number of different flammable liquid mixtures of hydrocarbons, i.e., a component of natural gas condensate or a distillation product from petroleum, coal tar or peat boiling in a certain range and containing certain hydrocarbons. It is a broad term covering among the...

, kerosene

Kerosene

Kerosene, sometimes spelled kerosine in scientific and industrial usage, also known as paraffin or paraffin oil in the United Kingdom, Hong Kong, Ireland and South Africa, is a combustible hydrocarbon liquid. The name is derived from Greek keros...

, gasoline

Gasoline

Gasoline , or petrol , is a toxic, translucent, petroleum-derived liquid that is primarily used as a fuel in internal combustion engines. It consists mostly of organic compounds obtained by the fractional distillation of petroleum, enhanced with a variety of additives. Some gasolines also contain...

, diesel and fuel oil

Fuel oil

Fuel oil is a fraction obtained from petroleum distillation, either as a distillate or a residue. Broadly speaking, fuel oil is any liquid petroleum product that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash...

.

The company held its initial public offering

Initial public offering

An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...

 in January 2008. Ownership of the company is 37.5% to Saudi Aramco

Saudi Aramco

Saudi Aramco , officially the Saudi Arabian Oil Company, is the national oil company of Saudi Arabia.Saudi Aramco is the world's largest and most valuable privately-held company, with estimates of its value in 2011 to be $7 trillion USD.Saudi Aramco has both the largest proven crude oil reserves,...

, 37.5% to Sumitomo Chemical Co., Ltd., and 25% to the public.

A feasibility study for a second phase for the plant is underway.

External links

• Petro Rabigh Retrieved 10 January 2010.
• Honeywell Solutions Selected for One of World's Largest Integrated Oil Refining, Petrochemical Plants. June 3, 2008 Retrieved 10 January 2010.
• SAU:2380 on Google Finance