Middle East Economic Survey

VOL. XLVIII

No 23

6-June-2005

Saudi Arabia

Tasnee, Sipchem And Sahara To Invest SR6Bn In Ethane/Propane Cracker Project

National Petrochemical Industrialization Company (Tasnee Petrochemicals), Saudi International Petrochemical Company (SIPC-Sipchem) and Sahara Petrochemical Company are planning to invest SR6bn ($1.6bn) in a joint-venture ethane and propane cracker in Jubail, expected to start up in 2008. The cracker, part of a planned olefins complex, will produce 1mn...