The Saudi national oil company Saudi Aramco, has selected US major Dow Chemicals to partner it to construct, own and operate a world scale chemicals and plastics production complex at the eastern province of Ras Tanura. The facility is proposed to be linked to Aramco's existing refinery at Ras Tanura, which produces 30 million bpd of oil and is amongst the world's largest refineries.
Reliance Industries Limited (RIL) has lost in the race in bidding to build the US$10 billion petrochemical complex in Saudi Arabia. RIL, that currently boasts of world's largest grassroot refinery in single location, could not get the award despite its strength and expertise to execute world-class projects without cost or time overruns. Exxon Mobil and Sabic were the other two petrochemical majors in the race to build the complex.
24-Jan-07 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}