VOL. XLI

No. 18

4-May-1998

SAUDI ARABIA

Ibn Zahr And Parsons Sign Letter Of Intent For Polypropylene Plant

The Saudi European Petrochemical Company (Ibn Zahr) has signed a letter of intent withParsons International and Saudi Arabian Parsons Ltd for the construction of a secondpolypropylene plant with a capacity of 320,000 tons/year at Ibn Zahr's Jubail complex. IbnZahr, which was established in 1984, is a joint venture owned 70% by the Saudi BasicIndustries Corporation (SABIC), 10% each by...