Middle East Economic Survey

VOL. XLVIII

No 25

20-June-2005

saudi arabia

BPs Innovene/Delta International Plan Jubail Cracker

Innovene, BPs petrochemical and refining subsidiary, and Delta International, a private Saudi-owned development company, have signed a memorandum of understanding (MOU) covering the planned establishment of a world-scale cracker and producer of associated derivatives in Jubail. An Innovene statement on 8 June said that the MOU marked the beginning of detailed negotiations...