Thursday, August 13, 2009

SABIC receives Chinese government approval for joint project with Sinopec

Saudi Basic Industries Corporation (SABIC) has received official approval from the Chinese National Development and Reform Commission (NDRC) to participate in a 50:50 joint venture with China Petroleuum & Chemical Corporation (Sinopec) in the Tianjin petrochemical complex currently under construction in Tianjin, China.

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