Middle East Economic Survey

VOL. LIII

No 49

6-Dec-2010

SAUDI ARABIA

Petrobras And MMHC Finalize Coke Plant Deal

Brazils Petrobras and Saudi Arabias Modern Mining Holding Company (MMHC) have finalized an agreement to build a SR1.7bn ($453mn) calcined petroleum coke plant in the kingdom, according to reports. The facility will have a production capacity of 700,000 tons/year of high caliber coke, which is used in aluminum production. Petrobras will provide green coke feedstock to the plant....