Rabigh Refining and Petrochemical Co. (Petro Rabigh), a 50:50 venture of Sumitomo Chemical and state-owned Saudi Aramco had earlier estimated total operational costs at US$4.3 bln. These costs have been recalculated at US$9.8 bln on account of surging materials prices.
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Friday, September 21, 2007
Sumitomo and Saudi Aramco plan to raise US$3bln by IPO
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