VOL. XLVII

No 11

15-March-2004

SAUDI ARABIA

Tecnimont Wins Contract For Private Saudi Petrochemical Project

Italys Tecnimont announced on 5 March that it had been awarded an SR800mn ($215mn) contract to build, equip and provide engineering services for a polypropylene plant at Yanbu on the Red Sea coast. The project, named Teldene, is being developed by the National Petrochemical Industries Company (Natpet). Natpet is owned by Xenel Industries and Alujain Corporation (42%) and other companies and...