tag:blogger.com,1999:blog-133254603220013410.post-39750395829013918092008-07-04T03:26:00.000-07:002008-07-04T03:42:04.248-07:002008-07-04T03:42:04.248-07:00Aramco, Dow To Build $26Bn Chemical Plant<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp3.blogger.com/_YqYaSbT8xWI/SG3-Q0vJtsI/AAAAAAAABMk/VdiUnHKgpzo/s1600-h/saudi+aramco+logo.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="http://bp3.blogger.com/_YqYaSbT8xWI/SG3-Q0vJtsI/AAAAAAAABMk/VdiUnHKgpzo/s320/saudi+aramco+logo.jpg" alt="" id="BLOGGER_PHOTO_ID_5219107108180047554" border="0" /></a><br /><span style="font-weight: bold; font-style: italic;"><a href="http://http//www.bloomberg.com/apps/news?pid=20601087&sid=aY9MKJXHm6fc&refer=home">Saudi Aramco</a>, tying up with Dow Chemical is set to build a $26billion worth of chemical plants in Saudi Arabia. This joint venture with the <a href="http://http//www.mlive.com/businessreview/tricities/index.ssf/2008/07/dow_chemical_looks_to_save_fue.html">Dow C</a></span><span style="font-weight: bold; font-style: italic;"><a href="http://http//www.mlive.com/businessreview/tricities/index.ssf/2008/07/dow_chemical_looks_to_save_fue.html">hemical</a>, the biggest US chemical producer is expected to produce as much as eight million tones of chemical in a year.</span><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp1.blogger.com/_YqYaSbT8xWI/SG3-XA_yULI/AAAAAAAABMs/5jFfboOPykQ/s1600-h/dow.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="http://bp1.blogger.com/_YqYaSbT8xWI/SG3-XA_yULI/AAAAAAAABMs/5jFfboOPykQ/s320/dow.jpg" alt="" id="BLOGGER_PHOTO_ID_5219107214550257842" border="0" /></a><br /><br /><br /><p><span style="font-family:Verdana;font-size:85%;color:#000000;">"It is a very aggressive target," Al Judaimi said in an interview in Madrid yesterday. "It will be challenging to get debt, but if we have a project that will get good returns it will be successful." </span></p><div id="hr_1" style="display: none;"><hr /></div> <div id="banner_inline" style="display: block;" align="center"> <!-- BEGIN ADVERTPRO CODE BLOCK --> <span style="font-family:Verdana;font-size:85%;color:#000000;"><script language="JavaScript" type="text/javascript"> <!-- document.write('<scr'+'ipt src="http://gulfnews.advertserve.com/servlet/view/banner/javascript/zone?zid=36&pid=0&random='+Math.floor(89999999*Math.random()+10000000)+'&millis='+new Date().getTime()+'" language="JavaScript" type="text/javascript"></SCR'+'IPT>'); //--> </script><script src="http://gulfnews.advertserve.com/servlet/view/banner/javascript/zone?zid=36&pid=0&random=10591042&millis=1215167226250" language="JavaScript" type="text/javascript"></script><!-- NOT VISIBLE CONTENT --> <noscript> </noscript> <!-- END ADVERTPRO CODE BLOCK --> </span></div> <div id="hr_2" style="display: none;"><hr /></div> <p><span style="font-family:Verdana;font-size:85%;color:#000000;">Aramco formed the joint venture with Dow last year to build a network of factories with the capacity to produce as much as eight million tonnes of chemicals a year, using raw materials from nearby oil and natural gas plants to cut costs. The country's oil ministry said yesterday that it plans to spend $250 billion on oil, gas, power and water production through 2012.</span></p><a href="http://http//www.gulfnews.com/business/Industry/10225918.html">more...</a>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0