Saudi Aramco and Sumitomo Chemical plan to go ahead with a US$7 bln expansion of a petrochemical project in the kingdom, despite delays. Work is underway with the Rabigh II project, due to start operaations in early 2016, as it expects the market to pull out of a recent slump due to long-term economic growth in China and resilient demand in Europe.
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Wednesday, May 30, 2012
Saudi Aramco and Sumitomo to proceed with US$7 bln expansion project
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