NO. 3


Saudi Arabia

Two Saudi Polypropylene Projects Approval

The Saudi European Petrochemical Company (Ibn Zahr) - a joint venture owned70% by the Saudi Basic Industries Corporation (SABIC), 10% each by Neste Oy ofFinland, Ecofuel of Italy and the Arab Petroleum Investments Corporation (Apicorp)- is to go ahead with the construction of a 200,000 ton/year polypropylene plantat its Jubail premises, it was disclosed last week by Mr. Ibrahim ibn Salamah,SABIC's Vice-Chairman...