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Wednesday, December 2 - 2009

Sabic, Exxon push petrochem project

  • Saudi Arabia: Thursday, July 23 - 2009 at 10:58

Saudi Basic Industries Corp. (Sabic) and Exxon Mobil Chemical are looking to drum up interest from bidders for a new petrochemical project, Reuters has reported citing contracting sources. Sabic and Exxon Mobil's chemical unit signed a preliminary agreement in November to establish the multi-billion dollar synthetic rubber joint venture at their plants in Jubail and Yanbu. The two companies would issue bid packages for the Jubail plant by the end of the year, Saudi-based contracting sources said.

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