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FinancialNews


  • 16-12-13

    Saudi PetroRabigh to see USD266 m growth in revenue

    (MENAFN) Revenues of Saudi Arabia's PetroRabigh are expected to grow by USD 266 million by 2014 as international marketing fees will be cut by a third, according to Arab News. The petrochemical company is a joint venture between Saudi Aramco and Sumitomo Chemical, which market PetroRabigh"s production. PetroRabigh said: "Saudi Aramco and Sumitomo Chemical...are committed to reducing the marketing commission of all petrochemicals products of PetroRabigh by around a third of current levels and commissions to market petroleum products of PetroRabigh in the domestic market have been cancelled."

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