Middle East Economic Survey

VOL. XLVIII

No 19

9-May-2005

Saudi Arabia

HSBC Mandated As Financial Advisor On Saudi Ethane/Propane Cracker

HSBC has been mandated as financial advisor on a project to build an ethane and propane cracker in Jubail, Saudi Arabia, MEES learns. The sponsors include National Petrochemicals Industrialization Company (Tasnee Petrochemicals), Sipchem, Sahara and Basell Holdings Middle East. The project will be seeking around $1.6bn worth of funding and the bank and export...