Aramco to buy stake in JV Petro Rabigh from Sumitomo Chemical

In:

Chemicals/Petrochemicals

Region:

Middle East & Africa

Saudi Aramco will buy from Japan's Sumitomo Chemical a 22.5% stake in their petrochemical JV Petro Rabigh for $702 million as part of a turnaround plan for the loss-making venture.Under the deal, Aramco and Sumitomo Chemical will each provide $702 million in funding to Petro Rabigh and waive...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

Adaptability in action with BU President Akita

Interview

05 December 2025

Adaptability in action with BU President Akita

Yuichiro Akita, President of the Berne Union and senior general manager, international strategic policy, at Nippon Export and Investment Insurance (NEXI) discusses the...

Sizewell C: DFI/ECA collaboration for new nuclear

Perspective

11 December 2025

Sizewell C: DFI/ECA collaboration for new nuclear

New nuclear’s construction risk and development timelines have made it difficult to bank – until now. The RAB revenue model means that Sizewell C’s funding package includes an...

Must See

Video

29 October 2025

10 mins with: PuiYin Tham, Marubeni

TXF spoke with PuiYin Tham, vice president of business development at Marubeni to outline the benefits of taking the ECA funding route and how the Japanese developer’s deal pipeline is shaping up in the APAC region.