VOL. XLVI

No 1

6-January-2003

SAUDI ARABIA

Chiyoda/Chiyoda Petrostar Awarded $240Mn Turnkey Contract For Jubail Methanol Plant

International Methanol Company (IMC), a subsidiary of joint-stock firm Saudi International Petrochemical Company (SIPC), announced on 23 December that it had awarded a turnkey contract, valued at around $240mn, for its 1mn tons/year methanol project in Jubail to Japans Chiyoda Corporation and Chiyoda Petrostar of Saudi Arabia. In August last year, the two companies were...