Middle East Economic Survey

VOL. LII

No 46

16-Nov-2009

SAUDI ARABIA

Saudi Aramco Expands Petrochemicals Operations

State-owned Saudi Aramco is prioritizing petrochemical development in a bid to diversify downstream, leverage its ultra-cheap feedstock and create jobs. On 10 November the firm officially inaugurated its $10bn PETRORabigh integrated refinery and petrochemical complex with Japans Sumitomo, and on 11 November Saudi Aramco executives and Saudi Minister of Petroleum and Mineral Resources...