Petro Rabigh successfully completes LRT to confirm reliability.

2012-01-02
1433-02-08

Rabigh Refining and Petrochemical Company (Petro Rabigh) reached a significant operational and financial milestone at midnight on December 31, 2011 with the successful completion of the Lenders Reliability Test (LRT) in all plants at its refining and petrochemical complex. The safe and successful testing confirms the Complex’s production stability and reliability.

Successful completion of the LRT, which requires that no single stoppage be for more than 72 hours, saw the complex operate for 210 days with average feedstock consumption at over 90% of design and average production at over 80%. Petro Rabigh was able to vastly exceed minimum requirements by maintaining an operating factor of 97% for the tenure of the LRT.

The safe and successful LRT marks the completion of the physical testing of the Petro Rabigh Complex and means that it is now fully operational and optimized.

Petro Rabigh, located by the Red Sea on Saudi Arabia’s west coast, was established in September 2005 as a Joint Venture between Saudi Aramco and Sumitomo Chemical of Japan, and is the largest integrated refining and petrochemical complex ever built at one time.

With its vision to be globally recognized and locally committed, Petro Rabigh presents opportunities for private local investment in the petrochemical industries and hence creates jobs to boost the local economy.