Work on Petrorabigh petrochemical complex in Saudi Arabia started in the first quarter of 2007. The plant is a joint venture between Saudi Aramco and Sumitomo Chemical Company of Japan and will start production in the second half of 2008.



Saudi Aramco and Sumitomo Chemical Co have agreed to form a Saudi Arabian limited liability joint venture(JV) company with equal ownership. The two parties successfully negotiated the joint venture formation to implement Rabigh project in parallel with the joint feasibility study, which confirmed the project economic viability, the capital and operating costs of the proposed Project, among other factors. The new JV headquarter will be in Rabigh.



Investment: $10bn