No 15



ABB Withdraws From Oman Polypropylene Project

ABB Lummus Global has withdrawn from a joint venture for the establishment of a polypropylene plant in Sohar, according to Oman Polypropylene Company CEO Muhammad Benayoune, speaking on 4 April. Oman Oil Company has a 60% stake in the planned project, while ABB and South Koreas LG International each had 20% (MEES, 4 March 2002). Due to their own internal reasons, Mr Benayoune said, ABB has pulled out from the...