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...
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