Latest Saudi Arabia Jobs at Petro Rabigh June 2016 Apply Online Saudi Aramco and Sumitomo Chemical began the Petro Rabigh Project with the point of building coordinated oil refining and petrochemical operations by method for redesigning Saudi Aramco’s oil refinery and developing another petrochemical complex. A joint endeavor assention was marked between Saudi Aramco and Sumitomo Chemical in August 2005 and Petro Rabigh was built up, a similarly claimed joint dare to run the Rabigh complex, in September of that year.
Development initiated in March 2006, with an arranged speculation totaling US$ 9.8 billion – roughly 60% of which, or US$5.8 billion, was obtained through task account.
In January 2008, Petro Rabigh held its first sale of stock (IPO) on the Saudi Arabian stock trade, and this changed the responsibility for organization by Saudi Aramco and Sumitomo Chemical to 37.5% each. In October 2008, Saudi Aramco exchanged its oil refinery to Petro Rabigh, and the recently finished Rabigh complex started operations in April 2009.