59 Days
Source:
الاقتصادية
PetroRabigh to launch projects this year
Saudi Petro Rabigh has announced that it is currently implementing several strategic projects as part of its asset development program to increase production capacity and boost the output of higher-value products. These initiatives aim to enhance operational profits in the coming years. Among these projects are the removal of bottlenecks in the cracking and olefins units, which are expected to come online in the third quarter of 2026, and the development of naphtha and diesel processing units, which will be ready for use in 2027. These projects, along with improvements in operational efficiency, increased sales, and higher product prices, have contributed to record financial results, including the highest quarterly net profit in the company's history, as well as an increase in the operational availability rate to 95%. The company has also launched a capital restructuring plan to address accumulated losses and to reinforce business sustainability.
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