VOL. XXXIX
No. 34
20-May-1996
SAUDI ARABIA
SABIC Announces $2Bn Expansion Project for Yanpet
The Saudi Basic Industries Corporation (SABIC) on 13 May unveiled plans for the long-awaited $2bn expansion project at the Saudi Yanbu Petrochemical Company (Yanpet) - its 50/50 joint venture with Mobil Yanbu Petrochemical Company, a subsidiary of Mobil Oil of the US. Announcing the new project - Yanpet-2 - SABIC's Vice Chairman and Managing Director, Mr. Ibrahim ibn Salamah, said the...
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