PetroRabigh exports first shipment from King Abdullah Port

Updated 06 January 2014
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PetroRabigh exports first shipment from King Abdullah Port

Rabigh Refining and Petrochemical Company (PetroRabigh) on Sunday exported the first shipment of petrochemical products from King Abdullah Port, located at King Abdullah Economic City in Rabigh.
The shipment represents the first export operation of the port.
The cargo, which consists of 54 containers of polymer material, was shipped on board a carrier heading to Singapore.
“The port is an important infrastructure investment which is, among other things, aligned with Saudi Arabia's strategy of developing downstream industries so as to drive value and job creation,” commented Jarmo T. Kotilaine, a regional analyst.
Abdullah bin Saleh Al-Suwailem, president and CEO of PetroRabigh, said: “The shipment is a significant step forward in the export operations of PetroRabigh products due to the proximity of the port to the headquarters of the company's operations.”
It would contribute to the reduction of logistics costs for freight, accessing global markets faster, and relieving congestion at Jeddah Islamic Port, he said in a statement to Arab News.
PetroRabigh processes up to 400,000 barrels per day of Arabian Light crude oil, and uses 1.2 million tons per year of ethane as feedstock to produce a variety of petrochemical products.


Saudi Arabia and Spain’s Navantia plan combat management systems venture

Updated 18 February 2019
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Saudi Arabia and Spain’s Navantia plan combat management systems venture

  • The SANNI venture will integrate and adapt Navantia’s combat management systems for Saudi navy corvette ships

ABU DHABI: State-owned Saudi Arabian Military Industries (SAMI) signed an agreement on Monday with Spanish state-held shipbuilder Navantia to set up a joint venture to provide combat systems, the new partnership’s chief executive said on Monday.
The SANNI venture, the name of which stands for SAMI Navantia Naval Industries, will integrate and adapt Navantia’s combat management systems for Saudi navy corvette ships, said Antonio Barberan at the IDEX military exhibition in Abu Dhabi.
SANNI is also in talks with other potential customers in the Middle East, he said.
SAMI owns 51 percent of SANNI, with Navantia holding the remaining 49 percent.
In November SAMI and Navantia signed an agreement to jointly manufacture five corvettes for the Saudi navy.