understanding with Aker Kvaerner for the joint execution of projects. This encompasses greater cooperation in identifying, marketing, bidding and executing selected projects on selected projects in China as well as internationally, with particular focus on expanding the relationship in the Kingdom of Saudi Arabia and other markets in the Middle East.
Aker Kvaerner's long-standing relationship with Sinopec in China spans projects for acetic acid, caprolactam, ethylene oxide/ethylene glycol, polyethylene and purified terephthalic acid. Aker Kvaerner and Sinopec are currently working together for the execution of SABIC's world scale polyolefin project in Saudi Arabia. Aker Kvaerner's scope encompasses the overall project management services, the extended basic engineering and procurement of the critical equipment, while Sinopec is providing the detailed engineering and a significant proportion of the skilled labour required for the construction activities.
27-Jul-06 
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