NO. 5


Saudi Arabia

Amoco/Chemvest Abandon Paraxylene Project

Amoco Chemical Company, a subsidiary of Amoco Corporation of the US, hasconfirmed that it has canceled its joint venture agreement with Saudi ChemicalInvestments (Chemvest) to set up a 300,000-400,000 ton/year paraxylene projectat Jubail, according to the weekly European Chemical News of 18 October. AnAmoco spokesman was quoted as saying that his company will still try to pursuethe project, adding that...