Middle East Economic Survey

VOL. XLVIII

No 31

1-August-2005

SAUDI ARABIA

Aker Kvaerner, Sinopec Line Up For Yansab Polymer Plant EPC

Saudi Basic Industries Corporation (SABIC) on 20 July signed a letter of intent with a joint venture comprising Aker Kvaerner and China Petrochemical Corp (Sinopec) for the engineering, procurement and construction (EPC) of its world-scale polyolefins complex in Yanbuʹ. Aker Kvaerner will be the joint venture leader, and expects its involvement to be in the region of...