Borsat Al Khaleej Live Support
13/02/2026 06:46 AST
Petro Rabigh, a joint venture between Saudi oil giant Aramco and Sumitomo Chemical, has signed up KBR, a leading technology and engineering solutions company, to provide maintenance services for its polymer plants in Rabigh, Saudi Arabia for a 10-year period.
Under the agreement, KBR will deliver maintenance solutions designed to improve plant reliability, optimise asset performance, and ensure safer operations across the facilities.
The partnership reflects Petro Rabigh's commitment to implementing global best practices and leveraging industry expertise to drive continuous improvement.
This long-term deal marks a major step in Petro Rabigh's transformation journey, supporting safer operations, stronger reliability, and long-term improvement across its facilities, it stated.
Petro Rabigh said this strategic move was expected to strengthen operational efficiency, minimize downtime, and support long-term value creation for stakeholders.
By aligning with a globally recognized engineering and services provider, Petro Rabigh reinforces its focus on safety, reliability, and operational resilience.
The 10-year agreement underscores both companies' shared vision to foster innovation, enhance maintenance standards, and contribute to the sustainable growth of the Kingdom's petrochemical sector, it added.
The Petro Rabigh plant, valued at $10 billion, can originally produce 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives.
Trade Arabia
27/04/2026
Rabigh Refining and Petrochemical Company (Petro Rabigh) said on Sunday it has cut its accumulated losses to 14.77% of share capital, dropping below a key regulatory threshold after a capital reducti
Trade Arabia
19/02/2026
KBR and Rabigh Refining & Petrochemical Company (Petro Rabigh) on Wednesday announced a strategic 10-year general maintenance services contract, with an optional two-year extension, covering Petro Ra
Trade Arabia
02/09/2025
Rabigh Refining and Petrochemical Co. (Petro Rabigh), Saudi Arabia's largest refining and petrochemicals company, has launched a capital restructuring plan aimed at reducing accumulated losses that r
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 27.16 | 0.00 (0.00 |
| ADNOCGAS | 3.31 | 0.03 (0.91 |
| ADNOCDRILL | 5.73 | 0.13 (2.32 |
| BAHRI | 33.88 | 0.24 (0.71 |
| ADES | 19.31 | 0.34 (1.79 |
10/06/2026
In line with its ongoing commitment to environmental sustainability and raising community awareness about the importance of protecting natural resources, Gulf Bank launched a beach cleanup campaign n
Kuwait Times
10/06/2026
First Avenue for Real Estate Development Company has announced that it has signed an agreement with SNB Capital, Dar Al Majed Real Estate Company (Almajdiah) and Rekaz Real Estate Company to establis
Trade Arabia
10/06/2026
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today launched trial operations at Noatum Ports - Safaga Terminal in Egypt ahead of the terminal's full
Trade Arabia
10/06/2026
GFH Bank today (June 9) announced the signing of a strategic MoU with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform a
Trade Arabia
10/06/2026
Saudi developer Umm Al Qura has announced the unveiling of Masar Gardens, a mixed-use urban destination in Makkah featuring residential, commercial, hospitality, and public-use components backed by e
Trade Arabia