2012/10/17 日揮 

当社サウジアラビア法人がエチレン設備増設プロジェクトを受注

  日揮は、当社のサウジアラビア法人であるJGCガルフ・インターナショナル社が、サウジアラビア国営石油会社(サウジアラムコ社)と住友化学(株)がサウジアラビアで推進する、ラービグ第2期計画向けエチレン製造設備の増設プロジェクトを受注しましたので、お知らせします。

 プロジェクトの詳細は以下の通りです。

1. 顧客名: 住友化学株式会社
       サウジアラビア国営石油会社(Saudi Arabian Oil Company)
       (通称: サウジアラムコ社 - Saudi Aramco)
2. 受注者名: JGCガルフ・インターナショナル社
         (JGC Gulf International Co., Ltd: 日揮100%出資のサウジアラビア法人)
3. 建設地: サウジアラビア王国ラービグ地区
4. 契約内容: エチレン製造設備増設(年産30万トン)に係る設計、機材調達、建設工事(EPC)役務
5. 契約形式: ランプサム(一括請負)契約
6. 受注金額: 非公表
7. 納期: 2015年


8. プロジェクトの概要:

  石油化学製品の世界的な需要の高まりを受け、サウジアラムコ社と住友化学株式会社の合弁会社であるラービグ・リファイニング・アンド・ペトロケミカル・カンパニーは、サウジアラビアのラービグ工業地帯で石油精製・石油化学コンプレックス事業(ラービグ第1期計画)を運営し、これに続いてサウジラムコ社と住友化学は、ラービグ第1期計画の大規模拡張計画(ラービグ第2期計画)を進めております。

  今般、JGCガルフ・インターナショナル社が受注したエチレン製造設備増設プロジェクトは、日揮が2008年に建設した第1期計画のエチレン製造装置(年産130万トン)を年産160万トンに拡大するための設備を増設するものであり、ラービグ第2期計画の中核装置の一つとして、その下流には多数の化学品製造設備が連なる非常に重要度の高い設備となります。

  さらに、住友化学株式会社とサウジアラムコ社の最重要プロジェクトであるラービグ第2期計画に対し、事業化調査に係るプロジェクト・マネジメント・サービス業務に引き続き、日揮グループが参画できることは大変光栄なことであり、価値あることと考えております。

  サウジアラビアは、近年自国の産業多角化と自国民の雇用促進政策を積極的に推進しています。このような中、当社は2008年に同業他社に先駆けて同国にEPC(設計: Engineering、調達: Procurement、建設: Construction)子会社としてJGCガルフ・インターナショナル社を設立し、これまで現地のニーズに対応しながら着実に実績を重ねてきました。

  本プロジェクトの入札においては、顧客はEPC役務を一貫して遂行できるサウジアラビア国内(IK (Inside of Kingdom) EPC)企業が参画することを強く望んでいました。今回の受注は、JGCガルフ・インターナショナル社の現地での実績とプロジェクト遂行能力、さらに価格競争力が高く評価されたものと考えております。
  また、JGCガルフ・インターナショナル社が現地で一貫してプロジェクトを遂行していくことは、正にサウジアラビアの国家戦略と当社の企業戦略とが合致したものであり、両者にとって大変意義深いプロジェクトとなります。

  当社は現在、中期経営計画「NEW HORIZON2015」において、海外EPC子会社の強化・拡大を推進しており、本プロジェクトの遂行を通して、JGCガルフ・インターナショナル社のプロジェクト遂行能力のさらなる向上を図って行く予定です。


2012/12/20 Arabian Supply Chain

Rabigh Petrochemical Logistics opens new Saudi facility

Rabigh Petrochemical Logistics (RPL) announced the opening of its new regional warehouse in Rabigh last week.

The new warehouse is located at Rabigh Plus Tech Park in Rabigh (RPTP). The opening ceremony was attended by top officials of PetroRabigh, various clients in RPTP, as well as executives from Almajdouie and the Sumitomo Warehouse Co. management team.

Rabigh PlusTech ParkはSaudi Aramcoと住友化学がスポンサーとなって PetroRabigh に建設するプラスチック加工団地で、面積は240ヘクタール(うち70ヘクタールは用役、物流、共通施設用地)。

The total area for RPL is 30,000sq.m. with an area of 13,000sq.m. covered warehouse built with storage space and 300sq.m. temperature controlled warehouse. In addition, there is also around 5,000sq.m. of open sky storage and two container docking stations. The warehouse is made with world class safety and security standards which ensure handling of the products with great care. Presently, RPL annually handles 1.6 million tonnes of materials inside PRC warehouse, of which, 8% to 12% is expected to be handled in RPTP. Aside from this new warehouse, RPL is also operating its existing warehouse facility in Riyadh.

This investment demonstrates RPL’s commitment to offer broad and innovative logistics solutions to its long term strategic customers. With this new setup, RPL is looking forward to provide total logistics solutions to its major client PetroRabigh, as well as other potential customers in RPTP.

RPL has already started working with other major RPTP tenants like ASTRA(Arab Supply and Trading Co.), SPCS (Sumitomo Chemical Polymer Compounds Saudi Arabia) and AJMC (Arabian Japanese Membrane Company).

サウジアラビアでは住友化学 55%、東洋インキ 45%出資で Sumika Polymer Compound Saudi Arabia を設立し、PetroRabighプラントに隣接するRabigh Conversion Industrial Park (Rabigh Plus Tech Parkと改称)年産10,000トンののPPコンパウンド設備を建設する。
アジア、アフリカ、欧州等の市場に向けて、原料から一貫した生産体制を構築する。

2008/6/27 住友化学、サウジでPPコンパウンドを生産

AJMC

 社名  :Arabian Japanese Membrane Company, LLC
 出資者:Arabian Company for Water & Power Development 49%
     東洋紡 36.1%
     伊藤忠 14.9%

 
場所  :ラービグ
 設立  :2010/3
  事業  :
海水淡水化用逆浸透膜エレメントの製造・販売


 


2013-12-15 PetroRabigh   

1)従来、石油製品はAramco、石油化学は住化が担当していたが、半々に変更
2)石油化学の販売マージンを1/3カット、石油製品(赤字)についてはマージンをゼロに。
3)2013/4に遡及、5年後見直し

これにより2013年(9ヶ月)で267百万ドル改善の予想。

PetroRabigh's earnings have been hit hard this year by maintenance at some of its facilities, pressure on profit margins, power cuts and an outage of its ethane cracker due to a water leak. 

Rabigh Refining and Petrochemical Company (Petro Rabigh) announces the signing of an agreement with the Founding Shareholders, Saudi Aramco Company and Sumitomo Chemical Company, that enhances its business and financial performance.

Rabigh Refining and Petrochemical Company (Petro Rabigh) announces that on Thursday, December 12th, 2013 the Company signed an agreement with the Founding Shareholders, Saudi Aramco Company and Sumitomo Chemical Company, that enhances its business and financial performance.

Per the agreement, Saudi Aramco Company supplies Petro Rabigh with 50 million cubic feet, or its equivalent, of methane gas per the local market price, until the completion of the main gas network in Rabigh area and the allocation of the required amount of gas to Petro Rabigh through the appropriate regulatory authorities in the Kingdom.

In addition, the Founding Shareholders shall equally handle international marketing of Petro Rabigh’s products.
     *   Previously, Saudi Aramco marketed refined products for PetroRabigh while Sumitomo Chemical handled chemicals.

Further, they are committed to reducing marketing commission by about one-third of current rates.
Also, the marketing commission for Petro Rabigh ’s refined products has been cancelled.

This Agreement shall take effect retroactively as of April of this year, 2013.
The agreement is likely to have a positive impact on the Company's revenues by approximately one billion Saudi Riyals(* $267 million) this year and one billion three hundred million Saudi Riyals per year in the coming years per the current outlook of prices and production levels.

The agreement will be reviewed and evaluated by all parties after five (5) years from the date.

-----------

April 01, 2014  Bloomberg News 

Aramco Trading Starts Selling Petro Rabigh Chemical Products    上記参照

Saudi Aramco Products Trading Co., the fuel marketing unit of Saudi Arabia’s state oil producer, started selling products of an affiliated petrochemicals maker.

Aramco Trading will sell products including polypropylene and polyethylene made by Rabigh Refining & Petrochemicals Co., according to a statement on the state oil company’s website today. The company began physical deliveries of the first chemical products today, it said.

Saudi Arabian Oil Co., the world’s largest oil exporter, owns all of the marketing unit and 37.5 percent of the refinery, known as Petro Rabigh. Sumitomo Chemical Co. holds an equal share in Petro Rabigh, with the remainder traded on the stock market. The partners will sell equal amounts of Petro Rabigh’s products, according to a Petro Rabigh statement today.

Persian Gulf oil producers such as Saudi Arabia are boosting chemical output to diversify their economies away from reliance on crude sales for revenue by selling finished products like transport fuels and plastics. Aramco and Sumitomo plan to expand the Petro Rabigh plant and Aramco is building additional chemical capacity at Jubail on the Gulf.


2014/1/1 Petro Rabigh 

Append Announcement from Rabigh Refining and Petrochemical Company (Petro Rabigh) Regarding the Start of Terminating the Services of Rabigh Arabian Water & Electricity Company (RAWEC)

With reference to the announcement of Petro Rabigh on September 18th, 2013 regarding the start of terminating the services of Rabigh Arabian Water & Electricity Company (RAWEC), Petro Rabigh announces that yesterday, Tuesday, December 31st, 2013 it reached a preliminary agreement for a comprehensive settlement with Rabigh Arabian Water & Electricity Company (RAWEC), the main supplier of power and utilities for the Company.

PetroRabigはRAWECの停電事故でしばしば操業を停止、大損害を出しており、契約停止を通告していた。
なお、これまではRAWECからのみ、電力を受けていたが、昨年の停電のあと、全国電力網に接続、仮にRAWECが停電してもPetroRabighは影響を受けない体制に変更したという。

The settlement agreement includes a financial package of more than 1 billion Saudi Riyals which RAWEC is committed to fund, and which is distributed as follows:
750 million Saudi Riyals in cash upon signing the final agreement,
190 million Saudi Riyals as reduction in the value of future rate throughout the remaining period of the concession contract of Build, Operate and Own (BOO),
and approximately 250 million Saudi Riyals as capital investment to improve the reliability of the utilities supply network.

 1SARは0.2666米ドル

Until the execution of the final settlement agreement, Petro Rabigh, under this preliminary agreement, will suspend for 3 months the previous notification that was sent to RAWEC on Wednesday, September 18th, 2013 where Petro Rabigh expressed its desire to terminate the agreement of power and water supplies with RAWEC. However, this preliminary agreement provides a promising opportunity to settle this issue for the interest of both parties.

 


May 14, 2014 Reuters

Saudi Aramco, Sumitomo face higher costs for petrochemical plant expansion

The expansion of a petrochemicals complex in Saudi Arabia owned by Saudi Aramco and Sumitomo Chemical is now expected to cost 32 billion riyals ($8.5 billion), higher than previously estimated, the joint-venture said on Wednesday.

The expansion plan, which aims to increase output from the plant as well as introduce higher-margin products, was originally estimated to cost around $7 billion.

But in a stock exchange filing on Wednesday, PetroRabigh said: "Total investment in the project is around 32 billion riyals according to current forecasts."

The statement did not give any reason for the change in price, but said the project - situated on Saudi Arabia's Red Sea coast - was still due to come online during 2016.

A company spokesman declined to provide further information.

The joint-venture, known as PetroRabigh, has had a number of setbacks because of maintenance issues in 2013 at its existing facility including power cuts and an outage at its ethane cracker.

A new marketing deal with its parent firms in December has helped alleviate the pressure on profits from the maintenance problems. Both Aramco and Sumitomo have also made firm commitments to the expansion project, known as Rabigh II, since giving it the final go-ahead in 2012.

Under the plan, an existing ethane cracker will be expanded and a new aromatics complex built that will make higher-value petrochemical products and have a capacity of 1.72 million tonnes per year.

PetroRabigh's existing plant can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemical products.

Rabigh II will produce ethylene propylene rubber (EPR), thermoplastic polyolefin (TPO), methyl methacrylate (MMA) monomer, polymethyl methacrylate (PMMA) among other products.

To fund construction of Rabigh II, both Sumitomo and Aramco will put in around 100 billion yen, with the rest coming from project financing, Sumitomo Chemical President Masakazu Tokura told reporters in November. (Reporting by Reem Shamseddine; Editing by David French and Jane Merriman)


September 10, 2014 Reuters

Saudi's PetroRabigh seeks funding for $8.5bn petchems project

Saudi Arabia's PetroRabigh said on Wednesday its founding shareholders had formally invited banks to provide financing for the SR32 billion ($8.5 billion) expansion of its petrochemicals complex in the kingdom.

No figures for how much cash would be raised by PetroRabigh - a joint venture between Saudi Aramco and Sumitomo Chemical - were given in the statement.

However, Sumitomo President Masakazu Tokura said last November that both companies would each put in 100 billion yen ($975 million), with the rest of the funds coming from project financing.

The requests for proposals were issued by the parent firms to local and international banks on Tuesday, with financing of the expansion to be split between conventional loans and sharia-compliant facilities, the bourse filing said.

PetroRabigh's existing plant can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemical products.

The new facility, known as Rabigh II, is to be built as an expansion of PetroRabigh's existing petrochemical plant, increasing output and introducing higher-margin products.

The project, located on Saudi Arabia's Red Sea coast, received a formal go-ahead from the parent firms in 2012; PetroRabigh has said previously it is due to come online in 2016, despite a string of maintenance problems at the existing facility.

Rabigh II will produce ethylene propylene rubber, thermoplastic polyolefin, methyl methacrylate monomer and polymethyl methacrylate among other products.

The ownership of Rabigh II will be transferred to PetroRabigh from the parents in the fourth quarter of this year, the joint venture firm said last month, although Aramco and Sumitomo would continue to guarantee the debt raised to build the scheme.
 


2015 年3 月17 日  住友化学                             2012/5/28 住友化学、サウジ・アラムコとの「ラービグ第2期計画」実施

ペトロ・ラービグ社のラービグ第2 期計画に関するプロジェクト・ファイナンス契約調印について

住友化学とサウジアラビアン・オイル・カンパニー(サウジ・アラムコ社)が主要株主として出資しているラービグ・リファイニング・アンド・ペトロケミカル・カンパニー(ペトロ・ラービグ社)は、既存の石油精製・石油化学統合コンプレックスの拡張計画(第2期計画)に関し、このほど銀行団との間で、融資契約上のプロジェクト・コスト約81億米ドル※1の6割強にあたる約52億米ドル※2のプロジェクト・ファイナンス契約を締結いたしました。

本プロジェクト・ファイナンスは、政府系金融機関である日本の国際協力銀行(JBIC)とサウジアラビアのパブリック・インベストメント・ファンド(PIF)を中心に、両国および欧米の金融機関19行をメンバーとする幹事銀行団から、ペトロ・ラービグ社が融資を受けるものです。JBICからは約20億米ドル、PIFからは13億米ドルの融資を受けます。また、本プロジェクト・ファイナンス組成にあたっては、三井住友銀行およびサウジ・ブリティッシュ・バンクをファイナンシャル・アドバイザーに起用いたしました。

ペトロ・ラービグ社は、第2期計画において、新たに確保する30百万立方フィート/日のエタンと、約3百万トン/年のナフサを主原料に、エタンクラッカーの増設や芳香族プラントの新設を通して、付加価値の高いさまざまな石油化学製品を生産いたします。本計画では、住友化学や他社の最新鋭の技術を導入し、既存の第1期計画との相乗効果を追求するとともにサウジアラビアにおけるさらなる雇用創出と産業多様化にも貢献してまいります。
なお、本計画の設備につきましては、2016年前半から順次稼動させていく予定です。

※1 建設期間中の金利など、設計・調達・建設(EPC)以外のコストを含む。
※2 一部サウジリヤル建て融資を含む。
 

----

2015/3/18 日経

住友化、サウジ合弁会社から1500億円を回収 3月末

住友化学は17日、サウジアラビアの石油化学合弁会社、ペトロ・ラービグから約1500億円の現金を3月末をメドに回収すると発表した。同社の設備拡張に伴い、住友化が立て替えていた。回収する現金は、2014年3月期末で1兆700億円に達していた有利子負債の削減に充てる。

ラービグ社はサウジ国営石油会社のサウジアラムコとの合弁会社で、住友化の持ち分法適用会社に当たる。ラービグ社がプロジェクトファイナンスで約52億ドル(6290億円)を調達し、住友化に立て替え金を返す。

ラービグ社は16年稼働予定の第2期拡張計画に際し、プロジェクトファイナンスまでのつなぎ資金として住友化とサウジアラムコに投資資金を立て替えてもらっていた。

住友化は回収資金を借入金の返済に回し、財務体質の改善につなげる。過去10年間、ラービグ社への出資などで有利子負債が急速に増え、14年3月期末まで4期連続で1兆円を超える状態が続いていた。今期末は9800億円、来期末は9千億円未満に減らす目標を掲げており、達成に向けて弾みが付きそうだ。


2015/7/1 Gulf News

Saudi’s PetroRabigh says paying 0.5 riyals/share dividend for FY 2014


Saudi Arabia’s PetroRabigh will pay a cash dividend of 0.5 riyals ($0.13) per share for the full year of 2014, it said in a bourse filing on Wednesday.

This is the first time PetroRabigh is paying a dividend since at least 2010, according to Thomson Reuters data.


Dec 31, 2015 Reuters                             別途、サウジ政府、石化原料大幅値上げ (2016/1/4 ブログ)

PetroRabigh says Phase II delays raise cost and capital needs

* Building work to finish now in Sept 2016
* Total cost now 31 bln riyals, up 1 bln riyals
* Rights issue size raised to 9.26 bln riyals

The completion of PetroRabigh's Phase II expansion will be delayed by nine months, raising the cost and forcing the Saudia Arabian petrochemical producer and refiner to seek more cash from shareholders, it said on Thursday.

The delay to September 2016 is the latest issue to hit the project, which will let the company manufacture higher margin products but has faced a number of uncertainties since it was proposed in 2009, mostly over the cost of the huge expansion.

The total cost will now be 31 billion riyals ($8.3 billion), 1 billion riyals more than the previous figure, according to a bourse filing from the firm, which is a joint venture between Saudi Aramco and Sumitomo Chemical.  (1リアル =0.26662米ドル)

PetroRabigh blamed the increase on "the failure of the key contractors of the project to meet the planned implementation schedule", without elaborating.

The delay also means that a planned rights issue to support the funding costs will need to rise to 9.26 billion riyals, 2.24 billion riyals more than initially announced in April, the company said in a separate bourse filing.

PetroRabigh has already signed loans worth 19.4 billion riyals to finance the project, with a significant chunk coming from the Japan Bank for International Cooperation and the state-owned Public Investment Fund.

  当初 今回 差異
億SAR 億ドル 億SAR 億ドル 億SAR 億ドル
建設費 300 (80.0) 310 (82.7) 10 (2.7)
ローン 194 (51.7) 194 (51.7)
増資 70 (18.7) 92.6 (24.7) 22.4 (6.0)

Under the project, known Rabigh II, an existing ethane cracker will be expanded and a new aromatics complex will be built which will process more than 2.7 million tonnes of naphtha a year to make higher-value petrochemical products.

The ethane cracker expansion is now due to be completed in the first quarter of 2016, PetroRabigh said.

PetroRabigh's existing plant can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemicals.

The company said it will start gradually operating units of the expansion from the beginning of the second half of 2016. In March, it was announced the expanded facility was expected to start production in the first half of 2016.

 

別途、サウジ政府、石化原料大幅値上げ (2016/1/4 ブログ)

石油化学原料も12月29日から大幅に値上げされた。

メタンの価格はこれまでの100万BTU当たり75セントから1ドル25セントに、エタンは75セントから1ドル75セントに引き上げられる。
(米国の最新のエタン価格は100万BTU当たり2ドル24セント)

これを受け、サウジの石化各社は影響額予想を発表した。

SABIC 5%のコストアップ
Saudi Arabia Fertilizers Co (SAFCO) 8%のコストアップ
Yanbu National Petrochemical Co (Yansab) 6.5%のコストアップ
National Industrialisation Co (Tasnee) 190百万リアル (51百万ドル)
Saudi Cement Co 68百万リアル (18百万ドル) 
Petro Rabigh 300百万リアル (80百万ドル)

 


2016/4/21

Saudi's Petrorabigh starts expanded ethane cracker

Saudi Arabia's PetroRabigh has started full operations at its expanded ethane cracker, it said on Thursday (2016/4/21).

The expansion will increase ethane processing capacity from 95 million standard cubic feet per day (scfd) to 125 million scfd; boosting capacity to 1.6 mln tonnes per year (from 1.3 mln tonnes).

The start of the expanded ethane cracker will increase the company's revenue by an estimated 750 million riyals ($200 million) for 2016 and depending on the feedstock availability, the firm said in a bourse statement.


2017/3/16

KAEC, Petro Rabigh launch Saudi Sustainable Development Association

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast, and Petro Rabigh, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, have launched the Saudi Sustainable Development Association, said a report.

The association is an innovative, pioneering initiative to combine the resources of national corporations and channel them efficiently toward better economic and social development in the kingdom in general, and in the Rabigh area in particular, added the Saudi Gazette report.

Announced in a special ceremony at KAEC, this initiative is the first of its kind in the kingdom, creating a partnership among corporations and institutions in the private sector in the field of social responsibility and sustainable development.

The announcement ceremony was attended by Ayman Al Mubaireek, deputy governor of Rabigh, and more than 30 representatives of government agencies and senior corporate officials.

In addition to KAEC and Petro Rabigh, the consortium includes the Cooperative Insurance Company (Tawuniya,) the International Medical Center, DHL, SANKYU, Saudi Arabia, FAL Holding, RAWEC, Al-Tamimi and Co., GEMS – Global Environmental Management Services – and Arabian Pipes.

Bassam A Al Bokhari, vice president of industrial relations at Petro Rabigh and chairman of the Association Board, said the partnership will unite the efforts that national corporations make towards enhancing corporate social responsibility and promoting sustained development that meets the area’s basic needs.

He also said that this will constitute added value in the long run, and contribute to the kingdom’s Vision 2030 by giving the private sector the opportunity to participate in development, added the report.