Approval Information
Rabigh Refining & Petrochemical – Company (Petro Rabigh) was founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical. The plant is valued at about US $10 billion (25% funded by the public and the remainder equally funded by Saudi Aramco and Sumitomo Chemical) and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives. Petro Rbigh products are used in such end products as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.
Petro Rabigh II is an expansion project valued at US $9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.
Petro Rabigh products have a vast range of applications that offer innovative downstream investors the chance to establish new industries in the region, bringing with them new skills and job opportunities. Petro Rabigh also offers many exciting investment opportunities through Petro Rabigh industrial complex (Rabigh PlusTech Park) which is the first private Industrial Park for conversion industries in Saudi Arabia, and is designed to accommodate polymer compounding Third Party Projects. It is a site next to Petro Rabigh where downstream industries utilize Petro Rabigh products as feedstock to produce chemical compounds such as polyols, polymer stabilizers, xylenes and solvents. The Rabigh Plastic Technical Center (R-PTC), a state-of-the-art facility run by Sumitomo Chemical, provides technical support and training in plastic processing technology.
As such, Petro Rabigh is at the hub of an upsurge in economic and technological development in line with Saudi Arabia's Vision 2030 to create a vibrant society, a thriving economy and an ambitious nation.
TIMELINE
October 1981
Construction begins on the Rabigh Oil Refinery. The project was a joint venture of Saudi state oil company Petromin and Petrola International Saudi Arabia, owned by Greek shipping magnate John Latsis. HRH King Khalid bin Abdulaziz Al Saud awarded Petrola US$2.6 billion construction contract for the refinery, and UK-based Lummus Co. Ltd. (United Kingdom) provided engineering services.
1982
The first phase of the Rabigh Oil Refinery completed under HRH King Fahd bin Abdulaziz Al Saud.
1980s
Saudi Arabian Marketing and Refining Company (Samarec) operates Rabigh Refinery and Rabigh Port.
1989
Rabigh Refinery starts production. The refinery was one of the largest in the OPEC countries with a capacity of 325,000 barrels a day. Product yield from the refinery was 140,000 barrels per day of fuel oil, 58,000 barrels per day of naphtha, 46,000 barrels per day of diesel oil, 33,370 barrels per day of jet kerosene, and 5,000 barrels per day of LPG.
June 14, 1993
Samarec dissolved and merged with Saudi Aramco, by the decree of HRH King Fahd bin Abdulaziz Al Saud. Saudi Aramco acquires all assets, including the Rabigh Refinery and Rabigh Port.
August 2005
Rabigh Refining and Petrochemical Company (Petro Rabigh) established as a joint venture of Saudi Aramco and Sumitomo Chemical, making it the largest single-phase integrated refining and petrochemical complex in the world.
2005
Petro Rabigh establishes Apprenticeship Program for Non-Employees (APNE) for high school graduates.
December 2005
Saad F. Al-Dosari appointed Petro Rabigh’s first President and CEO.
March 2006
Construction begins on petrochemical plants with investments totaling US$9.8 billion, approximately 60% procured through project finance.
January 2008
Petro Rabigh held its Initial Public Offering (IPO) on the Saudi Arabian stock exchange, Tadawul, changing the ownership of the company by Saudi Aramco and Sumitomo Chemical to 37.5% each. Some 4.5 million Saudis participate in the IPO, covering the share value fivefold.
2008
Petro Rabigh establishes the University Fresh Graduate Program (UFGP) to offer Saudi nationals company-specific work experience, modeled on Saudi Aramco’s highly influential Professional Development Program (PDP).
September 1, 2008
Petro Rabigh inaugurates training and scholarship programs that ensure young Saudi graduates are equipped with the skills for rewarding professional careers.
August 2009
Ziad S. Al-Labban appointed Petro Rabigh’s second President and CEO.
November 8, 2009
Petro Rabigh Inauguration. Guests include HRH Prince Faisal ibn Turki, Saudi Minister of Petroleum and Mineral Resources HE Ali I. Al-Naimi, Saudi Aramco President and CEO Khalid A. Al-Falih, and Tetsundo Iwakuni, Special Envoy of Japanese Prime Minister Yukio Hatoyama.
January 26, 2010
Petro Rabigh awarded the Global Competitiveness Forum Award for being the company with the highest foreign investment in the Kingdom. President & CEO Ziad S. Al-Labban received the Global Competitiveness Forum Award on behalf of the company.
2010
PlusTech Park became Saudi Arabia’s first private industrial park integrated with a petrochemical complex. Saudi Aramco and Sumitomo Chemical founded the 2.4 square km park founded with an initial investment of 450 million Saudi riyals.
2010
Petro Rabigh ranks as among the Kingdom of Saudi Arabia's largest producers of polypropylene and polyethylene, and is its third largest producer of mono ethylene glycol. It is also the sole producer of propylene oxide in the Middle East.
2011
Petro Rabigh was awarded ISO certifications in Quality Management (ISO 9001:2008), Environmental Management (ISO 14001:2004) and Occupational Health and Safety Management (OHSAS 18001:2007), making it the first and largest integrated refining and petrochemical company in the region to obtain all three simultaneously.
2011
Petro Rabigh ranked eighth in the annual list of the Top 100 Saudi companies operating in Saudi Arabia, a financial classification based on total revenue, assets and total shareholders’ equity.
2011
Petro Rabigh receives a “Million Work Hours Award” from the US-based National Safety Council after operating six million employee hours without incurring occupational injury or illness involving days away from work for the period.
2011
Petro Rabigh successfully completes its Lenders’ Reliability Test (LRT) following a successful Turnaround& Inspection (T&I) earlier in the year, events which mark significant milestones in terms of achieving operational excellence.
2013
Abdullah S. Al-Suwailem appointed Petro Rabigh’s third President and CEO.
2014
Petro Rabigh begins construction of its Phase II expansion project.
January 25, 2015
Petro Rabigh launches the Accelerated Capability Transformation, a multi-year partnership with the French Institute of Petroleum and KBC Advanced Technologies, to focus on production optimization and asset integrity.
March 2, 2015
Petro Rabigh inaugurates the Technical Learning Academy.
August 2015
Petro Rabigh opens the Safety House and Museum. This unique project enables visitors of all ages to learn about household safety and the history, culture and customs of Saudi Arabia.
2015
On-Job Training sends operators all over the world to train on cutting-edge equipment and prepare them for the rigors of the job.
2015
Petro Rabigh completes the largest Turnaround & Inspection in Middle East history, with the technical expertise and professional energies of 25,000 contractors.
November 2016
Nasser D. Al-Mahasher appointed Petro Rabigh’s fourth President and CEO.
2017
The Rabigh Industrial Park, a 525-hectare site, established to attract third-party investors to utilize Petro Rabigh’s feedstocks to produce downstream chemical compounds.
2017
The Petro Rabigh Phase II expansion project nearly doubles the size of Petro Rabigh. The US$8 billion project introduces a wide range of petrochemical derivatives, many new to the Kingdom and the region.
STRATEGIC DIRECTION
Petro Rabigh has established a strategic direction designed to achieve and sustain a company and workforce that are truly best-in-class in the refining and petrochemical industries.
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Have a zero tolerance in safety, environment and health.
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Become a world-class integrated petrochemical complex.
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Develop into a premiere leadership institute.
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Become the employer of choice and a customer-preferred partner.
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Evolve into a sustainable, profitable industry site.
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Be recognized for Responsible Care and Corporate Social Responsibility.
SUSTAINABILITY
Petro Rabigh Sustainability Report for 2017/18
Message from our President & CEO
On behalf of the Petro Rabigh Sustainability Steering Committee, I would like to present you with the Petro Rabigh Report for 2017/ 18.
We are proud to continue to deliver on our commitment to sustainability and to have incorporated Saudi Arabia’s National Vision 2030 into our programs. We continue to build on steps taken since our first report in 2015.
The National Vision 2030 sets out Saudi Arabia’s long-term goals and expectations, and as a company we are focusing on its key objectives relevant to developing Saudi labour, technology and assets by means of various strategic initiatives.
Petro Rabigh strives to achieve global recognition in the field of Corporate Social Responsibility focusing on its three pillars of People, Planet, and Prosperity. We have a workforce of 3,909 and a 70% Saudization record, while at the same time attracting talent from around the world.
We are committed to ensuring that our employees, who are at the heart of all our activities, remain motivated and committed to our company values and objectives. To this end we continue to provide extensive career opportunities and training.
In addition, we focus on health and safety values and issue bulletins through various media to share experiences among our workforce and stakeholders. The Company is also providing aid for needy families and schools in the Rabigh area and is regularly involved in other forms of charity work in the local community.
Since 2009, Petro Rabigh has been implementing the Responsible Care codes and practices adopted by the Gulf Petrochemical and Chemicals Association (GPCA). We work constantly to reduce the environmental impact of our operations, and water management is consistently high on our agenda. We conduct environmental and risk assessments for all our projects and take appropriate measures accordingly.
At Petro Rabigh we remain totally committed to functioning in such a way that the key sustainability values of People, Planet and Prosperity are second nature to every employee. We welcome you to engage with us, and to provide feedback in regard to our activities in order that we may continue to expand and improve in this field.
OUR FOUNDERS
Petro Rabigh unites the unsurpassed resources and experience of Saudi Aramco with the leading technological capabilities of Sumitomo Chemical from Japan. Saudi Aramco and Sumitomo Chemical established the company in September 2005 as an equally owned joint venture, and construction on the petrochemical complex commenced in March 2006. With a planned investment totaling US$ 9.8 billion – approximately US$5.8 billion of which was procured through project finance, it was the largest single foreign direct investment in Saudi Arabian history.
In January 2008, Petro Rabigh held its initial public offering (IPO) on the Saudi Arabian stock exchange, Tadawul. 4.5 million Saudi citizens participated in the IPO, covering the share value five-fold, and ownership of shares held by Saudi Aramco and Sumitomo Chemical changed to 37.5% each.
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