VOL. XLI

No. 39

28-September-1998

SAUDI ARABIA

National Industrialization Company Receives License For PetrochemicalPlant

Saudi Arabias privately-owned National Industrialization Company(NIC) has received a license from the Ministry of Industry and Electricity to build apetrochemical complex in Jubail. The plant will cost an estimated SR1bn ($267mn) and havea design capacity to produce 400,000 tons/year of propylene, which is used in themanufacture of plastics, fibres, detergents and glycerine....