VOL. XXXVI

NO. 25

22-MARCH-1993

SAUDI ARABIA

Chevron and SVCG Announce Plans for Aromatics Plant in Jubail

Chevron Chemical Company - a wholly-owned subsidiary of Chevron Corporationof the US - and the Saudi Venture Capital Group (SVCG) on 9 March signed aletter of intent to develop a worldscale aromatics facility in Jubail. SVCG is aconsortium of Saudi businessmen set up in 1986 to promote investments insecondary petrochemical industries.

According to a press release on the new project, the letter...