Aramco and Sumitomo Saudi JV doubles loss in Q2
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Tuesday, 21 Jul 2009
Reuters reported that Saudi based Rabigh Refining and Petrochemical Company had a net loss of SAR 236 million in the Q2.
It said that the JV of Saudi Aramco and Japan's Sumitomo Chemical reported a net loss of SAR 115 million in the same period a year earlier.
State controlled Aramco and Sumitomo Chemical each have a 37.5% stake in PetroRabigh with the rest publicly held.
(Sourced from Reuters)
