VOL. XLV

No 17

29-April-2002

SAUDI ARABIA

SAGIA Issues License For Jubail Aromatics Expansion Project

The Saudi ArabianGeneral Investment Authority (SAGIA) announced on 23 April that it had issuedthree industrial licenses for the $1bn expansion of the petrochemical jointventure in Jubail between Chevron Phillips ChemicalCompany LLC (CPChem) and the Saudi IndustrialInvestments Group (SIIG).The jointventure, Jubail Chevron Phillips, announced plans forthe expansion on 10 April and said that...