Saudi Aramco, Dow scouting for construction company for petrochem JV

Saudi Aramco and Dow Chemical are on the lookout for firms interested in building the first stage of their joint-venture petrochemical complex in Saudi Arabia. A solicitation of interest has been issued a few days ago- an indication that the mega JV will be underway soon and could see a delay of 2 years in start up to 2015. Saudi Aramco has delayed several large projects to save money on contracting costs. A 400,000 bpd capacity expansion plan at the Ras Tanura refinery to supply the petrochemical feedstock has also been delayed.
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