---
title: "ZAWYA: Saudi Petro Rabigh CEO says operations not affected by regional war: Report"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284200014.md"
description: "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."
datetime: "2026-04-27T10:52:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284200014.md)
  - [en](https://longbridge.com/en/news/284200014.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284200014.md)
---

# ZAWYA: Saudi Petro Rabigh CEO says operations not affected by regional war: Report

**Staff Writer**

Rabigh Refining and Petrochemical Company (Petro Rabigh), which is 60 percent owned by Saudi Aramco, said its operations were not affected by the regional conflict, according to its President and CEO, Othman Al-Ghamdi.

The company continued to receive feedstock (crude oil and ethane gas) at the same levels from Aramco, he told Al Arabiya.

He said the prices of petroleum derivatives, such as diesel and jet fuel, increased by more than 100 percent, while petrochemical prices rose by 30 percent to 80 percent, covering additional costs and contributing to strong profit margins.

The CEO expects markets will need time to recover, even if the Strait of Hormuz were fully reopened, given supply disruptions from the regional war and the depletion of large stockpiles in many countries.

Al-Ghamdi said that Petro Rabigh has completed its financial restructuring, adding that debt has fallen from $11 billion in 2021 to less than $4 billion currently.

He said that the significant debt reduction has reduced financing cost burden, improved the financial position and cut accumulated losses to below 15 percent.

Petro Rabigh reported a net profit of 1.5 billion Saudi riyals ($399.93 million) in the first quarter of 2026, against a net loss of SAR 691 million in the prior-year period.

(Editing by Anoop Menon) (anoop.menon@lseg.com)

**Subscribe to our Projects' PULSE** newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

### Related Stocks

- [FLSA.US](https://longbridge.com/en/quote/FLSA.US.md)
- [KSA.US](https://longbridge.com/en/quote/KSA.US.md)

## Related News & Research

- [Saudi Aramco GAAP EPS of $0.13, revenue of $124.59B](https://longbridge.com/en/news/285882552.md)
- [ZAWYA: Saudi plans to issue $40bln worth of real estate bonds by 2030: Report](https://longbridge.com/en/news/287004613.md)
- [Strait of Hormuz disruption could push oil market recovery into 2027, Aramco CEO says](https://longbridge.com/en/news/285969375.md)
- [ZAWYA: Acwa announces Q1 2026 results with SAR 455bln assets under management and global portfolio expansion](https://longbridge.com/en/news/285836723.md)
- [Saudi Aramco Q1 Cash Flow From Operating Activities $30.7 Billion](https://longbridge.com/en/news/285829949.md)