VOL. XLIII

No. 22

29-May-2000

SAUDI ARABIA

Joint Chevron-Phillips Chemical Company To Manage Jubail Petrochemicals Plant

Chevron and Phillips Petroleum of the US plan on 1 June to form a joint venture in Saudi Arabia to run a $650mn petrochemicals complex in Jubail. The complex, currently run by Saudi Chevron Petrochemical a partnership between Chevron and a private Saudi venture was inaugurated on 1 February (MEES, 31 January). It produces benzene (480,000 tons/year), cyclohexane (220,000 t/y)...