The tenants of Rabigh CIP will benefit significantly from competitively-priced resins and electricity supplied from PETRORabigh. Resin prices will be negotiated individually with tenants, with reference to the netback price of resin in the tenant's target market. Similarly, electricity will be supplied at approximately 3 cents/kWh, which will bring significant savings to the tenants.
From the fourth quarter of 2008, as its first phase development, PETRORabigh will make the following products available to the tenants of Rabigh CIP: