Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

SAUDI ARABIA

SABIC To Increase Output To 51Mn Tons In 2006

Saudi Basic Industries Corporation (SABIC) announced on 20 December that its Board of Directors had endorsed the 2006 corporate budget, adding that the companys annual production capacity would reach 51mn tons in 2006 due to the coming on-stream of a number of expansion projects. SABICs output reached 42.9mn tons in 2004 and the company still seeks to achieve an annual...