Massive petrochem projects in Saudi Arabia held up

摘要

The progress of Saudi Arabia's two most significant upcoming downstream petrochemicals projects is hindered by climbinq costs and unexpected hold ups. The PetroRabigh - Sumitomo Chemicals joint venture worth US10.1 bln and Saudi Aramco - Dow Chemical joint venture worth US25 bln at Ras Tanura are reportedly racing against time for completion.