SAUDI ARABIA

SABIC and GPIC Conclude Marketing Agreement 

SABIC Marketing Ltd - an affiliate of the Saudi Basic Industries Corporation (SABIC) - and the Gulf Petrochemical Industries Company (GPIC) on 7 January signed a marketing agreement under which the former will market the whole methanol output from the projected GPIC plant in Bahrain. GPIC, which is owned jointly by Saudi Arabia, Kuwait and Bahrain, is currently building a $400mn petrochemical complex for the production of 1,000...