VOL. XXXIX

No. 16

15-January-1996

UAE

Canadian Company Proposes Joint Venture Petrochemical Project With ADNOC

Novacor Chemicals, part of Canada's giant Nova Corp. has proposed a joint venture petrochemical project with the Abu Dhabi National Oil Company (ADNOC), according to Mr. Roy MacLaren, Canadian Minister of International Trade, who was on a visit to the UAE last week. The project estimated to cost $1bn, would produce ethylene and polyethylene and Novacor has offered to acquire...