Borsat Al Khaleej Live Support
Leave a message and our representative will contact you soon
19/02/2026 07:10 AST
KBR and Rabigh Refining & Petrochemical Company (Petro Rabigh) on Wednesday announced a strategic 10-year general maintenance services contract, with an optional two-year extension, covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in Saudi Arabia.
Under the agreement, KBR, through its local joint venture subsidiary KBR Al Yusr, will deliver a comprehensive, digitally-enabled maintenance program encompassing preventive, predictive, corrective, and cycled shutdowns maintenance services.
The scope will be supported by KBR's AI/ML-driven digital accelerators and reliability frameworks, designed to enhance asset reliability, improve availability, strengthen safety performance, and drive sustainable OPEX optimisation.
This collaboration represents a significant milestone in Petro Rabigh's ongoing business transformation, marking the company's first large-scale outsourcing of maintenance services. The programme is intended to support a structured change-management journey while maintaining a strong focus on safety, risk mitigation, and long-term operational excellence. Together, the companies aim to achieve top-quartile plant performance while embedding continuous improvement across maintenance and reliability practices.
"This transition is a critical enabler of Petro Rabigh's transformation agenda," said Othman Al Ghamdi, President and Chief Executive Officer of Petro Rabigh. "As we take this important step toward outsourcing maintenance for the first time, our priorities are clear-safety, reliability, risk management, and cost efficiency. KBR's global expertise, local execution capability, and digitally-enabled approach give us confidence that this transition will strengthen plant performance while supporting our long-term business objectives."
"This collaboration brings together KBR's global maintenance and reliability expertise with Petro Rabigh's operational leadership and transformation vision," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "By combining industry talent, proven methodologies, and advanced digital technologies, we are committed to enhancing safety, improving reliability, and delivering measurable value across Petro Rabigh's polymer assets."
Trade Arabia
27/04/2026
Rabigh Refining and Petrochemical Company (Petro Rabigh) said on Sunday it has cut its accumulated losses to 14.77% of share capital, dropping below a key regulatory threshold after a capital reducti
Trade Arabia
13/02/2026
Petro Rabigh, a joint venture between Saudi oil giant Aramco and Sumitomo Chemical, has signed up KBR, a leading technology and engineering solutions company, to provide maintenance services for it
Trade Arabia
02/09/2025
Rabigh Refining and Petrochemical Co. (Petro Rabigh), Saudi Arabia's largest refining and petrochemicals company, has launched a capital restructuring plan aimed at reducing accumulated losses that r
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 27.18 | 0.12 (0.44 |
| ADNOCGAS | 3.48 | 0.14 (4.19 |
| ADNOCDRILL | 6.09 | 0.24 (4.10 |
| BAHRI | 32.86 | -0.84 (-2.50 |
| ADES | 19.57 | 0.16 (0.82 |
12/06/2026
Zain participated in a high-level roundtable discussion hosted by global media group The Business Year, in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA), under the title
Kuwait Times
12/06/2026
Gulf Bank welcomed students of Gulf University for Science and Technology (GUST) as they returned to campus for in-person classes at the start of the summer semester.
The Bank's team was pre
Kuwait Times
12/06/2026
With higher travel rates during the summer season, National Bank of Kuwait warns its customers and the public against scams associated with fake travel and online booking sites, as part of its ongoin
Kuwait Times
12/06/2026
2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, today completed the sale of its full 7.29 percent stake in Abu Dhabi National Energy Company PJSC (TA
Trade Arabia
12/06/2026
Emaar Properties is preparing to unveil a Dh200 billion master-planned development in the heart of Dubai, in what the company says will be one of the largest urban districts it has ever conceived.
Gulfnews