ABOUT COMPANY
Saudi Aramco and Sumitomo Chemical started the Petro Rabigh Project with the aim of building integrated oil refining and petrochemical operations by way of upgrading Saudi Aramco’s oil refinery and constructing a new petrochemical complex. A joint venture agreement was signed between Saudi Aramco and Sumitomo Chemical in August 2005 and Petro Rabigh was established, an equally owned joint venture to run the Rabigh complex, in September of the same year.
Construction commenced in March 2006, with a planned investment totaling US$ 9.8 billion – approximately 60% of which, or US$5.8 billion, was procured through project finance.
In January 2008, Petro Rabigh held its initial public offering on the Saudi Arabian stock exchange, and this changed the ownership of the company by Saudi Aramco and Sumitomo Chemical to 37.5% each. In October 2008, Saudi Aramco transferred its oil refinery to Petro Rabigh, and the newly completed Rabigh complex began operations in April 2009.
A total of 4.5 million Saudi citizens participated in the IPO process, covering the share value by 5 folds.
Petro Rabigh utilizes 400,000 barrels per day of crude oil and 1.2 million tons per year of ethane as primary feedstock to produce a variety of refined petroleum products and petrochemical products. The refinery transferred from Saudi Aramco to Petro Rabigh 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 annually. This refinery was upgraded to include a high olefin fluid catalytic cracking unit (HOFCC) for converting heavy and light oils to gasoline and other distillates, which added new annual capacities of 2.8 million tons of gasoline and 900,000 tons of propylene, a feedstock for petrochemical products.
Products we know today as ethylene and polyethylene were made by ancient Egyptians by gassing the fig plant, which would stimulate ripening and releasing of ethylene. In 1872 carbon black, the first chemical to be made from petroleum, led to the production of synthetic rubber. And the modern petrochemical industry was started in 1920 by the Standard Oil Company in New Jersey.
Petrochemicals are the lifeblood of the modern world. They are essential for our survival, our way of living and our health and we owe to petrochemicals, a great many items and devices that contribute to making our lives easier, safer and more comfortable.
Globally Recognized, Locally Committed.Our mission is to maximize stakeholder value with our integrated resources in a sustainable, world class manner.
WE EXPECT OUR NEW HIRES TO MEET HIGHLY DEMANDING STANDARDS, IN TERMS OF BOTH BACKGROUND AND QUALIFICATIONS. BUT WE ALSO OFFER EXTENSIVE CAREER OPPORTUNITIES, IN PROFESSIONAL DISCIPLINES.
JOB DETAILS
Recruitment In : Petro Rabigh
Position : 27,650+ Multiple Jobs
Qualification : S.S.C/Inter/Any Degree/Diploma/BE/B.Tech/BSC/HSC
Experience Required : Freshers/Experiences
Last date to apply : 13 AUG 2016
Package offered : 16,50,000-20,40,000 PA+Free Accomodation
Apply Mode : Online
Saudi Aramco and Sumitomo Chemical started the Petro Rabigh Project with the aim of building integrated oil refining and petrochemical operations by way of upgrading Saudi Aramco’s oil refinery and constructing a new petrochemical complex. A joint venture agreement was signed between Saudi Aramco and Sumitomo Chemical in August 2005 and Petro Rabigh was established, an equally owned joint venture to run the Rabigh complex, in September of the same year.
Construction commenced in March 2006, with a planned investment totaling US$ 9.8 billion – approximately 60% of which, or US$5.8 billion, was procured through project finance.
In January 2008, Petro Rabigh held its initial public offering on the Saudi Arabian stock exchange, and this changed the ownership of the company by Saudi Aramco and Sumitomo Chemical to 37.5% each. In October 2008, Saudi Aramco transferred its oil refinery to Petro Rabigh, and the newly completed Rabigh complex began operations in April 2009.
A total of 4.5 million Saudi citizens participated in the IPO process, covering the share value by 5 folds.
Petro Rabigh utilizes 400,000 barrels per day of crude oil and 1.2 million tons per year of ethane as primary feedstock to produce a variety of refined petroleum products and petrochemical products. The refinery transferred from Saudi Aramco to Petro Rabigh 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 annually. This refinery was upgraded to include a high olefin fluid catalytic cracking unit (HOFCC) for converting heavy and light oils to gasoline and other distillates, which added new annual capacities of 2.8 million tons of gasoline and 900,000 tons of propylene, a feedstock for petrochemical products.
Products we know today as ethylene and polyethylene were made by ancient Egyptians by gassing the fig plant, which would stimulate ripening and releasing of ethylene. In 1872 carbon black, the first chemical to be made from petroleum, led to the production of synthetic rubber. And the modern petrochemical industry was started in 1920 by the Standard Oil Company in New Jersey.
Petrochemicals are the lifeblood of the modern world. They are essential for our survival, our way of living and our health and we owe to petrochemicals, a great many items and devices that contribute to making our lives easier, safer and more comfortable.
Globally Recognized, Locally Committed.Our mission is to maximize stakeholder value with our integrated resources in a sustainable, world class manner.
WE EXPECT OUR NEW HIRES TO MEET HIGHLY DEMANDING STANDARDS, IN TERMS OF BOTH BACKGROUND AND QUALIFICATIONS. BUT WE ALSO OFFER EXTENSIVE CAREER OPPORTUNITIES, IN PROFESSIONAL DISCIPLINES.
JOB DETAILS
Recruitment In : Petro Rabigh
Position : 27,650+ Multiple Jobs
Qualification : S.S.C/Inter/Any Degree/Diploma/BE/B.Tech/BSC/HSC
Experience Required : Freshers/Experiences
Last date to apply : 13 AUG 2016
Package offered : 16,50,000-20,40,000 PA+Free Accomodation
Apply Mode : Online
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