NO. 42


Saudi Arabia

Yanpet's Expansion Mooted For Mid-1999

The Saudi Yanbu' Petrochemical Company (Yanpet) a 50/50 joint venture betweenthe Saudi Basic Industries Corporation (SABIC) and Mobil Oil could complete itslong-awaited expansion project by mid-1999, according to Mr. Robert Swanson,President of Mobil Chemical. The project, expected to cost in excess of $2bn,would increase capacity by 816,000 tons/year of ethylene, 544,000 t/y ofpolyethylene and 408,000 t/y of...