A joint venture between Saudi Aramco and Sumitomo Chemical, the Rabigh Refining and Petrochemical Company (Petro Rabigh) is a major force in the hydrocarbons and petrochemical industry, with Noriaki Takeshita as one of its key decision makers.
The company mainly caters to the Saudi, European and North African markets, processing 400,000 barrels of crude oil per day, amounting to nearly 19 percent of Saudi Arabia’s total refining capacity. It has the capacity to produce 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.
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