Private petrochemical firm launched in Saudi Arabia


A new private Saudi Arabian petrochemical firm called Saudi International Petrochemical Co. has let contract to Fluor Daniel, Aliso Viejo, Calif., for overall project management of its first petrochemical complex, to be built at Al Jubail. The SIPC complex will produce methanol, butanediol, acetic acid, and vinyl acetate monomer, which can be used to produce a variety of industrial, commercial, and consumer products.

Fluor will also provide basic engineering and front-end engineering design for the complex. Work is expected to begin in July, with completion slated for late 2003.

The plant will include a common utilities unit.

Total installed cost of the plant is estimated at $800 million, says Fluor Daniel.

SIPC is a Saudi joint stock company incorporated in Riyadh with paid-in capital of $133 million. This was contributed by a diverse group of investors from Saudi Arabia, who provided 65% of the total capital, and investors from other Gulf Cooperation Council member countries, which supplied the remaining 35%.

Related Articles

AFPM: Shale boom sparks need for petchem workers

04/07/2014 The current boom in shale resource development has sparked an urgent need in the petrochemical industry for technically skilled workers to build, o...

IHS International: US poised to lead world exports of LPG

03/25/2014 US shale gas development has the country poised to become a major global supplier of LPG, mainly to Asia, during 2015-20 with US exports outdistanc...

Watching Government: Propane's 'perfect storm'

03/17/2014 If anyone wants to consider where oil and gas product distribution can go haywire, the recent domestic propane "perfect storm" bears exam...

Winter weather effects

03/17/2014

Much of the US has experienced unrelenting cold weather during January and February.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected