VOL. XL

No. 7

17-February-1997

SAUDI ARABIA

Chiyoda Wins EPC Contract For Joint Venture Saudi/Chevron Petrochemical Project

Chiyoda Corporation of Japan has been awarded a lump sum engineering, procurement and construction (EPC) contract for a petrochemical project in Jubail which is being set up by Saudi Chevron Petrochemical - a 50/50 joint venture between the Saudi Industrial Venture Capital Group (SIVCG) and Chevron Chemical Company of the US. A Chiyoda official in Saudi Arabia told AFP...