Executive Summary:
Petro-Rabigh has announced that a 10 year strategic agreement with KBR for overhauling and maintenance of its plant located in Rabigh, Saudi Arabia. This deal is a vital element of Petro Rabigh’s broader transformation strategy to increase the reliability and safety of its multi billion dollar plant complex.
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| Image Courtesy: Pexels |
Key Points at a Glance:
| Feature | Details |
| Partnership Entities | Petro Rabigh (Aramco & Sumitomo Chemical JV) and KBR, Inc. |
| Agreement Duration | 10 Years |
| Facility Location | Rabigh, Saudi Arabia (Red Sea Coast) |
| Scope of Services | Maintenance for polymer plants, including asset performance optimization and safety solutions. |
| Plant Valuation | Approximately $10 Billion |
| Petroleum Product Capacity | 18.4 Million Tons Per Annum (mtpa) |
| Derivative Capacity | 2.4 mtpa (Ethylene and Propylene-based) |
| Refining Capacity | 400,000 Barrels of crude oil per day |
Why This Matters:
KBR has global expertise in overhauling and maintenance services of petrochemical plants. It also make sure to deliver its expertise in time. KBR is a global player in this field of integration and engineering led approach. That is why, Petro Rabigh choose it for smooth and timely maintenance of its plant.
This partnership will improve plant life, reliability, safety, operational optimization. KBR's maintenance solution is designed to reduce downtime, and it will strengthen the operational resilience. This 10 year contract marks a significant shift to specialized, and engineering led maintenance services.
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