Aramco Trading will sell products including polypropylene and polyethylene made by Rabigh Refining & Petrochemicals - an affiliated petrochemicals maker. The company has started physical deliveries of the first chemical products.
Saudi Arabian Oil Co., the world’s largest oil exporter, owns all of the marketing unit and 37.5% of therefinery, known as Petro Rabigh. Sumitomo Chemical holds an equal share in Petro Rabigh, with the remainder traded on the stock market. The partners will sell equal amounts of Petro Rabigh’s products, according to a Petro Rabigh statement.
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