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Saudi PetroRabigh says May Delay Some Units - ASHARQ AL-AWSAT English Archive
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RIYADH, (Reuters) – Saudi Arabia’s Rabigh Refining and Petrochemical Co (PetroRabigh) may delay the start of some units to the first quarter of 2009 and its start-up costs have risen by 3 percent, it said on Sunday.

PetroRabigh is a $10 billion joint venture between state oil giant Saudi Aramco and Japan’s Sumitomo Chemicals. The two paired up in 2005 to upgrade a 400,000 barrel per day (bpd) oil refinery and add a petrochemical complex.

“The board … reviewed technical matters which may lead to rescheduling the start of some units at the complex to the first quarter of 2009, with an expected increase in costs worth $300 million,” the firm said in a statement posted on the bourse’s website.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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