VOL. XXXIX

No. 50

9-September-1996

SAUDI ARABIA

Yanpet Expansion Project To Go Out To Tender In Few Months

The Vice Chairman and Managing Director of the Saudi Basic Industries Corporation (SABIC), Mr. Ibrahim ibn Salamah, told the Saudi-owned daily al-Hayat of 26 August that the $2bn expansion project at the Saudi Yanbu Petrochemical Company (Yanpet) will require further studies for the next few months before the project can be put out to tender. Yanpet is a 50/50 joint venture...