close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

SABIC to go ahead with one rubber project

The capacity of the project is little changed at more than 400,000 tonnes per year of carbon black, rubber and synthetic polymers for domestic and international sales.

0

March 1, 2011 11:40 by



Saudi Basic Industries Corp (SABIC) said on Tuesday it would build only one rubber plant project, in Jubail on Saudi Arabia’s Gulf coast, instead of two as originally planned.

When SABIC and Exxon Mobil Chemical  first announced the rubber project, they said the expansion would include the Kemya joint venture between the two companies and their other venture, Yanpet, which is based in Yanbu on the Red Sea coast.

But SABIC said in a bourse statement it would go ahead with only one of those ventures, since the Jubail location provides better synergies with the Kemya petrochemical facility.

The capacity of the project is little changed at more than 400,000 tonnes per year of carbon black, rubber and synthetic polymers for domestic and international sales.

SABIC said work on the detailed engineering designs had reached an advanced stage. It did not say what the cost of the project would be, although an executive from Exxon Mobil Chemical had said it would cost $5 billion.

(Reporting by Reem Shamseddine; Editing by David Holmes)



0

Tags: , , , ,

Leave a Comment