Bad conditions continue the pressure
Petro Rabigh reported a net loss of SAR146m for the first nine months of 2016 compared with a profit of SAR250m in the same period last year. For the third quarter it narrowed its net loss to SAR217m compared with a loss of SAR460m in the same quarter last year. 9M 2016 revenue declined by 22.6% to SAR17.658bn.Rabigh Refining and Petrochemical Company is engaged in the development, construction and operation of an integrated refining and petrochemical complex, including the manufacturing of refined and petroleum products.
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