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Petro Rabigh Posts Q2 Profit of 2.66B Riyals
Rabigh Refining and Petrochemical Company (Petro Rabigh) achieved a net profit of 2.66 billion SAR in the second quarter of 2026, compared to a loss of 1.3 billion SAR for the same period last year. This increase is attributed to higher plant operating rates, increased sales volume, and improved margins for refined products and petrochemicals, supported by favorable market conditions and reduced financing costs due to early debt repayments and a decline in interest rates. The previous quarter was also affected by routine maintenance work that lasted about 60 days, resulting in a decrease in production and sales during that period.
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