Petro Rabigh facility in Saudi Arabia confirms budget increase for expansion.

petrorabigh

The Petro Rabigh petrochemicals complex (Saudi Arabia)

The expansion of the giant Petro Rabigh petrochemicals complex in Saudi Arabia owned by Saudi Aramco and Sumitomo Chemical is now expected to cost SAR32 billion ($8.5 billion), higher than the previous estimates of around $7 billion the joint-venture said on Wednesday and reported by Reuters following a stock exchange filling this week.

The 3,000-acre oil refinery, located in Rabigh, 165 kilometers north of Jeddah on the Red Sea coast utilizes 400,000 barrels per day of crude oil and 1.2 million tons per year of ethane as primary feedstock to produce a variety of refined petroleum products and petrochemical products.

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FREE Middle East and Africa Industry Insights report for Tank World subscribers.

primafuel_tank_farm-1140x450.jpgTankWorld has an exclusive offer for all it’s followers – a FREE copy of the Tank Storage Forum Middle East and Africa Insights report. This report brings together the main themes of the conference and goes beyond the presentation slides to draw conclusions from the show, regarding storage development in the MEA region.

Contributors include Horizon Terminals, DELTA, GPS Chemoil Terminal, Saudi Aramco, AQABA Development Corporation, SOLVOCHEM, Gulf Petrochem, Emerson Process Management, Endress and Hauser, Port of Salalah, Stolthaven Terminals and many more.

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Not only will you be updated with all the latest news, views and videos from the world of rail and metro but we will send you the report within 5 days.This exclusive offer ends at 1pm GMT Friday 6th December 2013 so sign up today!

To find out more about Tank World Expo 2014 held in Dubai April 14-15 visit www.tankworldexpo.com

Video: Tank storage experts discuss challenges, opportunities and the future of the industry.

Tank World spoke to a number of oil tank storage experts at the recent Tank World Expo in Dubai about their work include Koshy Panicker from the Port of Fujairah, Riyad Sulaiman from Saudi Aramco, Peter Ford, CEO of Port of Salalah and Jens Winkelmann – Endress + Hauser, Rajagopal Kittu from Emerson Process Management, Peter Patterson, Managing Director at Tank Storage Magazine and Emad Javaid – Sales Manager of Silverwing ME. See these exclusive videos below for their expert insights…

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