VOL. XXXIX

No. 1

2-October-1995

BAHRAIN

GPIC Signs $136Mn Contract With Mitsubishi For Urea Plant

The Gulf Petrochemical Industries Company (GPIC) - owned in equal shares by the Saudi Basic Industries Corporation (SABIC), Kuwait's Petrochemical Industries Company (PIC) and the Bahrain National Oil Company (Banoco) - signed on 23 September a $136mn turn-key contract with Japan's Mitsubishi Heavy Industries Company for the construction of 1,700-ton/day urea unit at its plant in Sitra in...