Middle East Economic Survey
VOL. XLVII
No 29
19-July-2004
SAUDI ARABIA
SHARQ To Study $2.3Bn Ethylene Project
Eastern Petrochemical Company (SHARQ), which is owned on a 50:50 basis by Saudi Basic Industries Corporation (SABIC) and Japans Saudi Petrochemical Development Company (SPDC) is to study the possibility of setting up a $2.3bn venture with capacity to produce 1.2mn tons/year of ethylene, beginning in 2008. The plan was announced in Tokyo on 9 June by SPDC, a consortium that includes...
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