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

KBR, Petro Rabigh enter 10-year maintenance services contract

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

Petro Rabigh Unveils Bold Restructuring Plan to Address $1.9 Billion in Losses

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

Petro Rabigh commissions 10 units of Rabigh phase II project in KSA

09/01/2018

Rabigh Refining and Petrochemical Company (Petro Rabigh) said that ten out of 12 units of its $7bn Rabigh phase II petrochemical expansion project in Saudi Arabia have entered into production.
<

Energy Business Review

Ticker Price Volume
PETRORABIGH Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SAUDIARAMCO 27.60 0.04 (0.14%)
ADNOCGAS 3.21 0.01 (0.31%)
ADNOCDRILL 5.20 0.08 (1.56%)
BAHRI 32.10 -0.36 (-1.11%)
ADES 18.19 -0.15 (-0.82%)
Doha Bank shareholders approve distribution of 15% cash dividends

05/04/2026

Shareholders of Doha Bank have approved the board of directors' recommendation to distribute cash dividends of QR0.15 per share, equivalent to 15% of the nominal value, Doha Bank chairman Sheikh Faha

Gulf Times

Alramz in deal to build 900-unit integrated community in Jeddah

05/04/2026

Saudi-based Al Ramz Real Estate Company has announced the signing of an agreement for the establishment of a shariah-compliant real estate investment fund, to be managed by Oud Capital (the Fund Mana

Trade Arabia

Jazeera Airways launches three new flights to Indian sub-continent

05/04/2026

Kuwait's leading low-cost carrier Jazeera Airways has announced the launch of flights to three new destinations in the Indian sub-continent - Peshawar and Sialkot in Pakistan, and the South Indian ci

Trade Arabia

NBK - Egypt secures $50 million facility to finance MSMEs in Egypt

03/04/2026

National Bank of Kuwait - Egypt has secured a $50 million financing package from the European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), to expand access to

Kuwait Times

ADIB strengthens tie-up with Jubail Investment Company to deliver major project

03/04/2026

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail I

Trade Arabia