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....
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