Saudi Arabia investing $30bn in port infrastructure development
Saudi Arabia has big plans for the future, largely centred around King Abdullah Port at Rabigh. Today, the phase one 2.7m teu container terminal there is nearing completion. It boasts a 1,470 mlong quay and has four berths, with 700,000 sq m of yard space. Completion of a fourth and final berth is expected to take place in Q4 2014.
First petrochemical exports leave King Abdullah Port at Rabigh
Rabigh Refining and Petrochemical Company (Petro Rabigh) exported Sunday the first shipment of petrochemical products from King Abdullah Port, located in King Abdullah Economic City in Rabigh. The shipment represents the first export operation of the port. The cargo, which consisted of 54 containers of polymer material, was shipped on board a carrier heading to Singapore. Petro Rabigh is a Saudi joint stock company, founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical of Japan. Petro Rabigh processes up to 400,000 barrels per day of Arabian light crude oil, and uses 1.2m tons per year of ethane as feedstock to produce a variety of petrochemical products. [GulfShipNews 06/01/14]Upload News