RealNews

Saudi, Dow sign deal to build giant petchem plant

Saudi Aramco and U.S. Dow Chemical Co. announced on Saturday a deal to build a petrochemical plant that industry insiders expect to be the largest foreign investment in Saudi Arabia’s energy sector. The cost of the Ras Tanura plastics and chemicals complex would be “mammoth,” said Saudi Aramco’s President Abdallah Jumah, although he declined to give details. Full Story

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