01/28/2014

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SAUDI ARABIA: Saudi Arabia plans to offer shares of Satorp and Sadara in an IPO

Satorp, owned 62.5 % by Saudi Aramco and 37.5 % by Total, is building a USD 12.8-billion complex in Jubail that includes a 400,000-b/d full conversion refinery and the production of 200,000 t/y of polymer-grade propylene, while Sadara, equally owned by Saudi Aramco and Dow Chemical, is building a USD 20-billion integrated chemical complex in Jubail.

Source: Weekly "PetroChemical News", Durham, NC, USA; 13 Jan 2014
(syed Rashid Ali, Karachi, Pakistan)

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