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SABIC to ink US$ 5.33 bln naphtha project in China

24-Apr-06

Saudi Basic Industries Corporation (SABIC) anticipates approval from the Chinese authorities for a 50% stake in the SR20 bln (US$5.33 bln) naphtha project in China. 3 major agreements have been completed with the Chinese counterparts on the location of the plant, the environment and the feasibility study.

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