SIIG: Petrochemical conversion projects start up in 2014

30/12/2013 Argaam

The Saudi Industrial Investment Group (SIIG) announced today on tadawul that the work on 10 plants built by the joint venture (Petrochemical conversion company) is 75 % complete.

 

It expects the plants to go on stream gradually starting from January 2014.

 

“The delay in contractor’s work is due to the scarcity of skilled labor in the area caused by a high number of mega projects”, SIIG said in the statement.

 

Petrochemical Conversion company is a joint venture between SIIG and Chevron Phillips.

 

Consequential financial effect will be determined after completing the projects. 

 

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