By SUMMER SAID
Saudi Arabia's Rabigh Refining and Petrochemical Co., or Petro Rabigh,
said a sudden cut in power and steam supplies Wednesday halted
operations at its refinery.
The interruption from the provider Rabigh Arabian Water and
Electricity Co., or RAWEC, did not cause any human causalties
or damage, it said in a statement posted on the Saudi bourse
Rabigh said it is currently working with RAWEC on the
reconnection of power and steam supplies in order to restart
production at its refinery, but did not say when
operations might resume.
The company, which earlier this year shut its refinery for
20 days for maintenance after it suffered a
power cut, is also assessing the operational and financial
impact of the interruption, it added.
Rabigh utilizes 400,000 bpd of crude oil and 1.2
million tpy of ethane as primary feedstock to produce several refined
petroleum products and petrochemical products.
The refinery has mainly been producing 8
million tons of heavy oil, 5.3 million tons of light oil, 3
million tons of naphtha and 2.6 million tons of
kerosene each year.
State-owned Saudi Arabian Oil Co., or Saudi Aramco, and
Japan's Sumitomo Chemical each hold a 37.5% stake in Petro
Rabigh, with the remaining 25% owned by the public.
Dow Jones Newswires