VOL. XXXIX

No. 54

7-October-1996

SAUDI ARABIA

SABIC/SPDC Unveil Plan To Expand Sharq Petrochemical Complex

The Saudi Basic Industries Corporation (SABIC) and Japan's Saudi Petrochemical Development Company (SPDC) plan to expand the capacity of their 50/50 joint venture complex at Jubail the Eastern Petrochemical Company (Sharq) an SPDC spokesman said last week. The expansion, which will cost an estimated $1.2bn, includes the construction by 2000 of an ethylene center with a capacity of...