Petrochemical projects update

Article Abstract:

The Saudi Basic Industries Corp (Sabic) controls most of the petrochemical production in Saudi Arabia and is involved in petrochemical expansion projects that will cost approximately $4 billion and be completed in late 1998. Sabic produced 14 million metric tons of petrochemicals in 1994 compared to 11 million in 1993 and its net profit for 1994 almost doubled 1993 at $1.067 billion. The private sector is expected to spend between $1 billion and $2 billion on downstream projects but is hampered by necessary government authorizations.

Planning

---

U.S. reporting requirements: Iran petrochemical transactions

Article Abstract:

The US Dept of the Treasury has decided to relax reporting requirements for foreign affiliates of American firms that have petrochemical transactions with Iran. An amendment to the Iranian Transactions regulations was made, terminating reporting requirements for Iran-related sales of services. Agreements involving Iranian-origin petrochemicals no longer have to be reported to the department's Office of Foreign Assets Control.

Petrochemical Manufacturing, Cyclic crudes and intermediates, Petrochemicals, United States, Laws, regulations and rules, International trade, United States foreign relations, Iran, Iranian foreign relations, International trade regulation, United States. Department of the Treasury

---

Petrochemical expansion purchases peaking

Article Abstract:

State-owned Saudi Arabian Basic Industries Corporation (SABIC) will spend $7 billion on 19 or more projects, and private petrochemical industry companies will be spending another $1.9 billion. This seems like a peak in buying, but the Saudis are a choice market for American industrial goods because the dollar is weak. Descriptions of 19 SABIC projects and joint ventures are listed, with a directory of contacts.

Industry Overview, Analysis, Contracts, Industrial development, Industrialization

Similar abstracts:

• Abstracts: Certificate-of-origin requirements: Egypt's recent ministerial decree and a series of clarifications. Azerbaijan issues new foreign trade decree
• Abstracts: The value of corporate voting rights and control: a cross-country analysis. Market reaction to public information: The atypical case of the Boston Celtics
• Abstracts: Dynamic products in world exports. African economic development in a comparative perspective. Africa's export structure in a comparative perspective
• Abstracts: Professional partnerships: implementing rules issued: foreign participation in Saudi firms allowed. New partnership regs raise questions
• Abstracts: Search technology, staggered price-setting, and price dispersion. Some evolutionary foundations for price level rigidity

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.