VOL. XLI

No. 09

2-March-1998

SAUDI ARABIA

SABIC Awards Contracts For Two Petrochemical Plants

The Saudi Basic Industries Corporation (SABIC) confirmed last week the award of acontract to Japan's Chiyoda Corporation for the construction of an ethylene glycol plant.The latter is being set up by the Eastern Petrochemical Company (Sharq) - a 50/50 jointventure between SABIC and the Saudi Petrochemical Development Company (SPDC), a group ofJapanese companies led by Mitsubishi Corporation. The...