Middle East Economic Survey

VOL. LIII

No 20

17-May-2010

SAUDI ARABIA

SABIC And Sinopec Begin Commercial Production At Tianjin Complex

Saudi Basic Industries Corporation (SABIC) and China Petroleum and Chemical Corporation (Sinopec) have commenced commercial production at their newly built petrochemical complex in Tianjin, northern China, they announced on 11 May. The $2.7bn facility, originally projected for start-up in the first quarter of the year, is a 50/50 joint venture. The complex...