Middle East Economic Survey

VOL. XLVIII

No 31

1-August-2005

SAUDI ARABIA

Sharq Signs LOIs For 2.8Mn T/Y Expansion EPC Contracts

Saudi Basic Industries Corporation (SABIC) announced on 27 July that its affiliate Eastern Petrochemical Company (Sharq) had signed letters of intent (LOIs) to award three major construction contracts as part of its 2.8mn tons/year expansion plan. Under the awards, UK-based Stone and Webster will construct an olefins plant with a production capacity of 1.3mn t/y of...