Middle East Economic Survey

VOL. XLIX

No 42

16-Oct-2006

SAUDI ARABIA

SABIC, ExxonMobil Fully Settle Polyethylene Patent Dispute

Saudi Basic Industries Corporation (SABIC) announced on 28 September it had reached a full and final settlement of its disputes with ExxonMobil concerning the technology and patent for the production of polyethylene. Pursuant to the settlement, SABIC and its worldwide affiliates will have the right to use the technology royalties-free and will equally share in any...