13/02/2026 06:46 AST

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 its polymer plants in Rabigh, Saudi Arabia for a 10-year period.

Under the agreement, KBR will deliver maintenance solutions designed to improve plant reliability, optimise asset performance, and ensure safer operations across the facilities.

The partnership reflects Petro Rabigh's commitment to implementing global best practices and leveraging industry expertise to drive continuous improvement.

This long-term deal marks a major step in Petro Rabigh's transformation journey, supporting safer operations, stronger reliability, and long-term improvement across its facilities, it stated.

Petro Rabigh said this strategic move was expected to strengthen operational efficiency, minimize downtime, and support long-term value creation for stakeholders.

By aligning with a globally recognized engineering and services provider, Petro Rabigh reinforces its focus on safety, reliability, and operational resilience.

The 10-year agreement underscores both companies' shared vision to foster innovation, enhance maintenance standards, and contribute to the sustainable growth of the Kingdom's petrochemical sector, it added.

The Petro Rabigh plant, valued at $10 billion, can originally produce 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives.


Trade Arabia

KBR, Petro Rabigh enter 10-year maintenance services contract

19/02/2026

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 Ra

Trade Arabia

Petro Rabigh Unveils Bold Restructuring Plan to Address $1.9 Billion in Losses

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

Petro Rabigh commissions 10 units of Rabigh phase II project in KSA

09/01/2018

Rabigh Refining and Petrochemical Company (Petro Rabigh) said that ten out of 12 units of its $7bn Rabigh phase II petrochemical expansion project in Saudi Arabia have entered into production.
<

Energy Business Review

Ticker Price Volume
PETRORABIGH Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SAUDIARAMCO 27.26 0.10 (0.36%)
ADNOCGAS 3.20 0.01 (0.31%)
ADNOCDRILL 5.22 -0.03 (-0.58%)
BAHRI 33.08 0.08 (0.24%)
ADES 18.47 0.07 (0.38%)
Lesha Bank Group records 20% jump in Q1 net profit to QR48.6mn

23/04/2026

Lesha Bank Group has reported a net profit of QR48.6mn in the first three months of 2026, up 20% a year-on-year (y-o-y), reflecting the bank's resilient performance despite prevailing regional headwi

Gulf Times

Dukhan Bank named 'World's Best Islamic Private Bank' at Global Finance Awards 2026

23/04/2026

Dukhan Bank has been named 'World's Best Islamic Private Bank' by Global Finance magazine as part of its World's Best Islamic Financial Institutions 2026 awards, marking the third consecutive year th

Gulf Times

Gulf Bank launches second phase of Islamic banking training program

23/04/2026

As part of its preparations to transition into a Shariah-compliant bank, the Training & Talent Development team at Gulf Bank has launched the second phase of its employee training program on Islamic

Kuwait Times

ZainTECH a Leader in IDC MarketScape: Gulf Countries AI Professional Services

23/04/2026

ZainTECH, the integrated digital solutions provider of Zain Group, has been recognized in the Leaders Category of the IDC MarketScape: Gulf Countries AI Professional Services 2025 Vendor Assessment,

Kuwait Times

Daman Investments, Allianz Global Investors sign MoU

23/04/2026

Daman Investments (PSC), a leading asset manager in the UAE, has signed a memorandum of understanding (MoU) with Allianz Global Investors ("AllianzGI"), one of the world's leading active asset manage

Khaleej Times