Saudi Arabia’s Petro Rabigh is implementing several strategic projects as part of its asset development program. These initiatives are expected to increase production capacity and enhance the output of higher-value products.
Among the key projects is the debottlenecking of the cracking and olefins units, which is expected to become operational during the third quarter of 2026. The company is also developing its naphtha and diesel processing units, with these projects expected to begin operations in 2027.
Petro Rabigh is a Saudi company operating in the refining and petrochemicals sector. It produces fuels and basic petrochemical products used across a wide range of industries in Saudi Arabia and international markets. The company is listed on the Saudi Exchange (Tadawul) and operates an integrated industrial complex that combines refining and petrochemical production.
As part of efforts to strengthen its investment in the company, Saudi Aramco increased its stake in Petro Rabigh by acquiring an additional shareholding from Sumitomo Chemical. Following the transaction, Aramco became Petro Rabigh’s largest shareholder with an ownership stake of approximately 58%, while Sumitomo Chemical retains a stake of around 23%.
