Middle East Economic Survey


No 32


Saudi Arabia

Saudi Aramco/Sumitomo Become JV Partners In Rabigh Refining/Petrochems Project

Saudi Aramco and Sumitomo Chemical Company on 1 August signed an agreement to become joint venture partners in the development of the planned integrated refining and petrochemical complex in the Red Sea town of Rabigh. The two will form a Saudi Arabian limited liability joint venture company with equal ownership. The agreement follows the successful...