Saudi Arabia's PetroRabigh has restarted its petrochemical and refining complex, after a power outage forced it to shut operations, in the middle of last week. PetroRabigh, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, said power supplies from Rabigh Arabian Water and Electricity Co were interrupted for a few hours.
As per the company, the CDU was not affected by the power cut. But some furnaces at the ethane cracker were damaged, which would take 16 days to fix. The resulting loss from the shutdown will amount to around SR 250 mln (US$67 mln), which will be reflected in Q3 earnings.
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