S Arabia's Petro Rabigh resuming operations after power outage

16 September 2013 04:10  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Arabia's Rabigh Refining and Petrochemical (Petro Rabigh) is resuming operations at its refining and petrochemical complex in Rabigh, Saudi Arabia, following a power outage, the company said over the weekend.

The company was forced to halt operations at the Rabigh site after power supplies from Rabigh Arabian Water and Electricity Co were interrupted for a few hours on 12 September.

The crude distillation unit (CDU) at the 400,000 bbl/day refinery were not affected by the power cut but some furnaces at the ethane cracker were damaged and is expected to take 16 days to fix, the company said in a statement on the Saudi Stock Exchange.

Losses resulting from the power cut has been estimated at around Saudi riyal (SR) 250m ($67m), and this will be reflected in the company’s third-quarter results, the company added.

($1 = SR3.75)

By: Nurluqman Suratman

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