ZAWYA: Saudi Petro Rabigh CEO says operations not affected by regional war: Report
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Rabigh Refining and Petrochemical Company (Petro Rabigh) reported that its operations remain unaffected by regional conflicts, according to CEO Othman Al-Ghamdi. The company continues to receive feedstock from Saudi Aramco and has seen significant increases in petroleum derivative prices. Petro Rabigh has successfully reduced its debt from $11 billion in 2021 to under $4 billion, improving its financial position. The company reported a net profit of 1.5 billion Saudi riyals in Q1 2026, a turnaround from a net loss in the previous year.
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