Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Aramco, Sumitomo Project to Cost $12.5 Billion, Al-Hayat Says

April 25 (Bloomberg) -- Saudi Aramco and Sumitomo Chemical Co. plan to invest around $12.5 billion in the second expansion phase of their joint-venture Rabigh Refining and Petrochemicals Co., al-Hayat reported, citing an unidentified source.

The two companies will decide by the end of the year on the expansion project’s final cost and will need three years to complete the work, the London-based newspaper said. The entire Rabigh complex will cost an estimated $22.5 billion, al-Hayat reported.

Link to Company News:{131861Z AB <Equity> CN <GO>} Link to Company News:{4005 JP <Equity> CN <GO>} Link to Company News:{PETROR AB <Equity> CN <GO>}

To contact the reporter on this story: Wael Mahdi in Khobar at wmahdi@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.