Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh), a 37.5% subsidiary of Saudi Arabian Oil Company (Aramco), has signed a joint agreement with Aramco and the Saudi Basic Industries Corporation (SABIC) to market petrochemical products.
Under the agreement, SABIC will market Aramco's share of Petro Rabigh petrochemical products as of 1 October 2021, according to a bourse filing on Thursday.
The agreement aims to raise supply chain efficiency and enhance the company's competitive advantage in the petrochemical industry.
The transaction will have a positive impact on Petro Rabigh, which has not been determined yet.
