Saudi Arabia’s Petro Rabigh generated record profits last quarter thanks to improved plant reliability and bumper refinery margins. Petro Rabigh is a JV of Saudi Aramco (65%) and Sumitomo Chemical (15%), with the remaining 25% listed on the Tadawul. It operates a 400,000 b/d refinery and integrated petrochemicals complex at the Red Sea port of Rabigh.
Operations have so far been unaffected by the Middle East conflict. Arab Light crude oil feedstock is supplied through a spur from the 7mn b/d East-West pipeline, while ethane for the complex’s 1.6mn t/y cracker is supplied via pipeline from Yanbu’s NGL plant. Reliable feedstock supplies, no export restrictions and soaring products cracks – refining margins increased from $16.9/B in 2Q 2025 to $24.1/B last quarter – combined to generate record sales and profits in Q2, in stark contrast to other petrochemicals operators in the region. (CONTINUED - 489 WORDS)
