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Aramco and Dow cut Ras Tanura JV costs
- Saudi Arabia: Thursday, September 03 - 2009 at 12:50
Saudi Aramco and Dow Chemical expect to save some $4bn on their joint petrochemical complex, as slowing economic activity cuts project costs, Reuters has reported. The project at the Saudi energy hub of Ras Tanura is two years behind the initial schedule. The two firms are expected to make an investment decision on the project next year in the third quarter of 2010.
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StaffThursday, September 03 - 2009 at 12:50 UAE local time (GMT+4)
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