Saudi Arabia's Petro Rabigh restarts cracker, derivative plants

23 October 2013 09:56 Source:ICIS News

KARACHI (ICIS)--Petro Rabigh has restarted its 1.3m tonne/year ethane cracker and derivative plants following a turnaround that began last week, the Saudi Arabian producer said on Wednesday.

“The company has completed maintenance works and has restarted all the units on October 22,” Petro Rabigh said in a statement issued to the Saudi stock exchange.

The cracker and related units were shut on October 16 as a precaution when a leak was found at the cracker’s water pipes.

The company, a joint venture between Saudi Arabian Oil Co (Saudi Aramco) and Sumitomo Chemical, noted that margins would be hit by the plant shutdown.

The shutdown will cost the company around Saudi riyal (SR) 81m ($22m), with the financial impact expected to be booked in the fourth quarter.

($1 = SR3.75)

By Aamir Ashraf