VOL. XL

No. 14

7-April-1997

SAUDI ARABIA

Apicorp To Take 10% Equity Interest In Alujain MTBE Plant AtYanbu

MEES understands that Alujain Corporation has signed a memorandumof understanding with the Arab Petroleum Investments Corporation (Apicorp) in which theOAPEC-owned company has indicated an interest in acquiring a 10% equity stake in Tahseen,the joint-venture which is to build, own and operate a planned 850,000 ton/year MTBE plantat Yanbu on the west coast of Saudi Arabia. Apicorp's...