Petro Rabigh announced today on tadawul reaching an agreement regarding supplying petro Rabigh with 50m cubic feets daily of methane or its equivalent by ARAMCO.

The parties involved are:

  • Petro Rabigh
  • Saudi Aramco
  • Sumitomo chemical company

 As part of the agreement, Saudi ARAMCO and Sumitomo chemical committed to cutting all petro Rabigh's products' marketing commissions by 33% as well as cancelling local markets marketing commissions.

As for global marketing; it's agreed to be handled by founding shareholders.

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