Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE
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The product of a joint venture between Aramco and Sumitomo Chemical, Rabigh Refining and Petrochemical Co (Petro Rabigh) is a goliath of the hydrocarbons and petrochemicals industry - and Takeshita is one of its key decision-makers.
The company, which caters mainly to the Saudi market and Europe and North Africa, can process 400,000 barrels of crude per day, accounting for about 19 percent of Saudi Arabia's total refining capacity. It can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemical products.
Listed on the Saudi Stock Exchange in January, 2008, the company is owned 37.5 percent by Aramco, 37.5 percent by Sumitomo Chemical and 25 percent by the public. The company recently announced Q2 profits had halved compared to the previous quarter to $32.5m.
The company, which caters mainly to the Saudi market and Europe and North Africa, can process 400,000 barrels of crude per day, accounting for about 19 percent of Saudi Arabia's total refining capacity. It can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemical products.
Listed on the Saudi Stock Exchange in January, 2008, the company is owned 37.5 percent by Aramco, 37.5 percent by Sumitomo Chemical and 25 percent by the public. The company recently announced Q2 profits had halved compared to the previous quarter to $32.5m.
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