Introduction Saudi Aramco has inked a formal deal to purchase an additional 22.5% ownership in Rabigh Refining and Petrochemical Co. (Petro Rabigh) from Sumitomo Chemical, as part of a strategic drive to strengthen its position in the petrochemical industry. This acquisition, worth roughly $702 million, will make Aramco the dominant stakeholder in Petro Rabigh, bolstering […]