October 1981
Construction begins on the Rabigh Oil Refinery. The project
was a joint venture of Saudi state oil company Petromin and
Petrola International Saudi Arabia, owned by Greek shipping magnate John
Latsis. HRH King Khalid bin Abdulaziz Al Saud awarded Petrola US$2.6 billion
construction contract for the refinery, and UK-based Lummus Co. Ltd. (United
Kingdom) provided engineering services.
1982
The first phase of the Rabigh Oil Refinery completed under HRH
King Fahd bin Abdulaziz Al Saud.
1980s
Saudi Arabian Marketing and Refining Company (Samarec)
operates Rabigh Refinery and Rabigh Port.
1989
Rabigh Refinery starts production. The
refinery was one of the largest in the OPEC countries with a capacity of
325,000 barrels a day. Product yield from the refinery was 140,000
barrels per day of fuel oil, 58,000 barrels per day of naphtha, 46,000 barrels
per day of diesel oil, 33,370 barrels per day of jet kerosene, and 5,000
barrels per day of LPG.
June 14, 1993
Samarec dissolved and merged with Saudi Aramco, by the decree
of HRH King Fahd bin Abdulaziz Al Saud. Saudi Aramco acquires all assets,
including the Rabigh Refinery and Rabigh Port.
August 2005
Rabigh Refining and Petrochemical Company (Petro Rabigh)
established as a joint venture of Saudi Aramco and Sumitomo Chemical, making it
the largest single-phase integrated refining and petrochemical complex in the
world.
2005
Petro Rabigh establishes Apprenticeship Program for
Non-Employees (APNE) for high school graduates.
December 2005
Saad F. Al-Dosari appointed Petro Rabigh’s first President
and CEO.
March 2006
Construction begins on petrochemical plants with investments
totaling US$9.8 billion, approximately 60% procured through project finance.
January 2008
Petro Rabigh held its Initial Public Offering (IPO) on the
Saudi Arabian stock exchange, Tadawul, changing the ownership of the company by
Saudi Aramco and Sumitomo Chemical to 37.5% each. Some 4.5 million Saudis
participate in the IPO, covering the share value fivefold.
2008
Petro Rabigh establishes the University Fresh Graduate
Program (UFGP) to offer Saudi nationals company-specific work experience,
modeled on Saudi Aramco’s highly influential Professional Development Program
(PDP).
September 1, 2008
Petro Rabigh inaugurates training and scholarship programs
that ensure young Saudi graduates are equipped with the skills for rewarding
professional careers.
August 2009
Ziad S. Al-Labban appointed Petro Rabigh’s second President
and CEO.
November 8, 2009
Petro Rabigh Inauguration. Guests include HRH Prince Faisal
ibn Turki, Saudi Minister of Petroleum and Mineral Resources HE Ali I.
Al-Naimi, Saudi Aramco President and CEO Khalid A. Al-Falih, and Tetsundo
Iwakuni, Special Envoy of Japanese Prime Minister Yukio Hatoyama.
January 26, 2010
Petro Rabigh awarded the Global Competitiveness Forum Award
for being the company with the highest foreign investment in the Kingdom.
President & CEO Ziad S. Al-Labban received the Global Competitiveness Forum
Award on behalf of the company.
2010
PlusTech Park became Saudi Arabia’s first private industrial
park integrated with a petrochemical complex. Saudi Aramco and Sumitomo
Chemical founded the 2.4 square km park founded with an initial investment of
450 million Saudi riyals.
2010
Petro Rabigh ranks as among the Kingdom of Saudi Arabia's
largest producers of polypropylene and polyethylene, and is its third largest
producer of mono ethylene glycol. It is also the sole producer of propylene
oxide in the Middle East.
2011
Petro Rabigh was awarded ISO certifications in Quality
Management (ISO 9001:2008), Environmental Management (ISO 14001:2004) and
Occupational Health and Safety Management (OHSAS 18001:2007), making it the
first and largest integrated refining and petrochemical company in the region
to obtain all three simultaneously.
2011
Petro Rabigh ranked eighth in the annual list of the Top 100
Saudi companies operating in Saudi Arabia, a financial classification based on
total revenue, assets and total shareholders’ equity.
2011
Petro Rabigh receives a “Million Work Hours Award” from the
US-based National Safety Council after operating six million employee hours
without incurring occupational injury or illness involving days away from work
for the period.
2011
Petro Rabigh successfully completes its Lenders’ Reliability
Test (LRT) following a successful Turnaround& Inspection (T&I) earlier
in the year, events which mark significant milestones in terms of achieving
operational excellence.
2013
Abdullah S. Al-Suwailem appointed Petro Rabigh’s third
President and CEO.
2014
Petro Rabigh begins construction of its Phase II expansion
project.
January 25, 2015
Petro Rabigh launches the Accelerated Capability
Transformation, a multi-year partnership with the French Institute of Petroleum
and KBC Advanced Technologies, to focus on production optimization and asset
integrity.
March 2, 2015
Petro Rabigh inaugurates the Technical Learning Academy.
August 2015
Petro Rabigh opens the Safety House and Museum. This unique
project enables visitors of all ages to learn about household safety and the
history, culture and customs of Saudi Arabia.
2015
On-Job Training sends operators all over the world to train
on cutting-edge equipment and prepare them for the rigors of the job.
2015
Petro Rabigh completes the largest Turnaround &
Inspection in Middle East history, with the technical expertise and
professional energies of 25,000 contractors.
November
2016
Nasser D. Al-Mahasher appointed Petro Rabigh’s fourth
President and CEO.
2017
The Rabigh Industrial Park, a 525-hectare site, established
to attract third-party investors to utilize Petro Rabigh’s feedstocks to
produce downstream chemical compounds.
2017
The Petro Rabigh Phase II expansion project nearly doubles
the size of Petro Rabigh. The US$8 billion project introduces a wide range of
petrochemical derivatives, many new to the Kingdom and the region.
