Aramco completes Petro Rabigh stake deal
In:
Chemicals/Petrochemicals
Region:
Middle East & Africa
Saudi Aramco has acquired an additional 22.5% stake in Rabigh Refining and Petrochemical Company (Petro Rabigh) from Sumitomo Chemical Corporation for $702 million.The deal makes Aramco the largest shareholder in Petro Rabigh with around 60% equity. Sumitomo retains a 15% equity stake. The...
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