The Petro Rabigh joint venture of state oil giant Saudi Aramco and Japan’s Sumitomo has acknowledged that construction of its Rabigh 2 expansion project will not be completed until the second quarter of 2017 with the anticipated total development cost now 10% higher than the previous figure.
Petro Rabigh says that while the majority of electrical and non-electrical utilities have been completed, new ethane cracker units have begun operating and cumene and phenol units are ready, completion of other units will be delayed due to “construction market challenges.” (CONTINUED - 740 WORDS)
