Petro Rabigh to shut down its ethane cracker for maintenance, expects a SAR375mn financial impact in 4Q16
Rabigh Refining and Petrochemical Company (Petro Rabigh) [2380.SE] has announced a 21-day shutdown of its ethane cracker for maintenance purposes as of 14 November 2016. The company added that the shutdown is estimated to have a financial impact of SAR375mn, which will be reflected on 4Q16 results. The company also noted that the maintenance would improve the cracker’s operational performance. (Tadawul)
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