Saudi Cabinet Cancels Mobil/Saudi Private Sector MTBE Joint Venture
In a swift move, the Saudi Council of Ministers (cabinet) decided on 9 Augustto cancel the projected joint venture between Mobil and a group of Saudi privateinvestors to set set up a plant at Yanbu' for the production of 835,000tons/year of methyl tertiary butyl either (MTBE). The first public indicationthat the project was in serious trouble emerged last month when the jointventure failed to...
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