Middle East Economic Survey

VOL. LIII

No 32  

9-Aug-2010

SAUDI ARABIA

Saudi Aramco-Dow Petchem Project Costs Still Pegged At Over $20Bn

While Saudi Aramco and the Dow Chemical Company are expecting to save capital costs by moving their giant petrochemical project to Jubail from Ras Tanura, the price tag is still over $20bn, MEES understands. The sheer scope of the refinery calls for substantial capital expenditure, although cost reductions can be achieved at the Jubail site...