Wednesday, July 22, 2009

PetroRabigh posts US$63 mln net loss in Q2

Rising costs and weak demand has pulled down profits at Saudi-based Rabigh Refining and Petrochemical Co (PetroRabigh). PetroRabigh losses have increased more than two fold in Q2. The Saudi Aramco, Suumitomo Chemical JV has posted a net loss of 236 mln riyals (US$62.

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