Petro Rabigh: Shutdown of a unit will impact Q2 results negatively by SAR 170m

26/03/2014 Argaam

Rabigh Refining and Petrochemical Company (Petro Rabigh) announced today on Tadawul a planned shutdown of the Vacuum Gas Oil Hydro Treating Unit (VGO) to replace the unit’s catalyst.

The shutdown will start on March 27, 2014 and is expected to last for 23 days.

The Company said that the unit is expected to restart normal operation on April 19, 2014 after conducting all safety procedures per the required safety standards.

During the shutdown period the company will perform maintenance work on units that are integrated to VGO treating unit; the company added.

This shutdown is expected to have a negative impact on the gross margin for Q2 of 2014 estimated at SAR 170m subject to market fluctuations during the current period.

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