Saudi Petro Rabigh elects al-Suwailam

Saudi Arabia’s Rabigh Refining and Petrochemical Co. (Petro Rabigh) announced that it has accepted the resignation of Ziyad al-Labban as president and board member. The board elected Abdullah al-Suwailam to succeed al-Labban effective September 9.
Petro Rabigh is an export-oriented joint venture between state-run oil giant Saudi Aramco and Japan’s Sumitomo Chemical. It is engaged in the production and marketing of refined hydrocarbon and petrochemicals. Aramco and Sumitomo each own 37.5% stake in the company, and the rest is publicly held. The company has a wide range of products, which includes naphtha, kerosene, gasoline, diesel fuel and fuel oil. (September 11, 2012)