Saudi Arabia & KAUST - National US-Arab Chamber of Commerce

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World’s Largest Integrated Petrochemical Complex to Be Built at Ras Tanura Saudi Aramco and The Dow Chemical Company signed a detailed Memorandum of Understanding (MOU) regarding the construction, ownership and operation of a world-scale chemicals and plastics production complex in Saudi Arabia, named the Ras Tanura Integrated Project (RTIP). Located near Ras Tanura in Saudi Arabia’s Eastern Province, the joint venture will be operationally integrated with Saudi Aramco’s Ras Tanura Refinery Complex and its Ju’aymah gas processing plant, two of the largest 38 NUSACC • www.nusacc.org facilities of its kind in the world. The latter two facilities w i l l s u p p l y feedstock to the joint venture and continue to be o w n e d a n d operated by Saudi Aramco. The Ras Tanura integrated complex will produce an e x t e n s i v e a n d diversified slate of plastics and chemicals and introduce new value chains and performance products to the Kingdom. Once the complex is completed and fully operational, it will be one of the largest grassroots plastics and chemical production facilities in the world. “We are extremely pleased to be selected by Saudi Aramco as their joint venture partner to help build the Ras Tanura petrochemical complex. This joint venture will further strengthen Dow’s presence in the Middle East and add to our already vast capabilities worldwide,” commented Dow Chairman and CEO Andrew Liveris. “Furthermore, the complex will have a long-term, secure and reliable feedstock position with integration to the adjacent refinery and gas processing plant, while positioning the new enterprise to grow its product sales.” Ras Tanura’s location in Saudi Arabia’s Eastern Province puts Dow closer to emerging regional markets. Some of the technology for RTIP will come from Dow’s Freeport, Texas, plant. “Freeport evolved over 60 years,” commented Michael Gambrell, Dow’s executive vice president. “We’re going to build Ras Tanura in three.” “This product will leverage our largest refining asset and enhance its profitability by capitalizing on the value addition opportunities and synergies existing between refining and petrochemicals,” explains Former Saudi Aramco President and CEO Abdallah S. Jum’ah. “We are extremely pleased to be selected by Saudi Aramco as their joint venture partner to help build the Ras Tanura petrochemical complex.” Dow Chairman and CEO Andrew Liveris “The wide range of chemical materials and plastics to be produced by the joint venture will help spawn other downstream chemical conversion industries. This will strengthen the role of the chemical sector as a key enabler of many other future investments in the Kingdom of Saudi Arabia.” He further noted that resulting downstream industries will “assist in further expanding the national economic base, while promoting economic diversification and capitalizing on the vast job creation of these industries.” The 50-50 joint venture project links Saudi Aramco, the world’s leading energy supplier with Dow Chemicals, the world’s leading science and technology company. When completed, RITP will be the single largest foreign investment in the Kingdom.
ExxonMobil believes in creating a positive and lasting impact in the countries where we operate.
Page 1 and 2: In this issue: Articles Page KAUST
Page 3 and 4: H.M. King Abdullah Bin Abdulaziz Al
Page 5 and 6: I N T E R V I E W Brigadier General
Page 7 and 8: KAUST opens - from page 1 completed
Page 9 and 10: KAUST’s campus in Thuwal includes
Page 11 and 12: Ministry of Finance: Investing in t
Page 13 and 14: of the financial services sector wa
Page 15 and 16: I N T E R V I E W Dr. Fahad Al Sult
Page 17 and 18: Knowledge Economic City Knowledge E
Page 19: Emaar.E.C. Promotes Smooth Sailing
Page 23 and 24: I N T E R V I E W Abdulrahman M. Al
Page 25 and 26: SAUDI ARABIA 2008 Ranking: 23rd Lar
Page 27 and 28: Ministry of Petroleum and Minerals:
Page 30 and 31: There’s never been a better time
Page 33 and 34: ExxonMobil’s Successful Partnersh
Page 35 and 36: Chevron: Seven Decades of Partnersh
Page 37: Saudi Aramco and ConocoPhillips Re-
Page 41 and 42: Lockheed Martin Provides Training f
Page 43 and 44: IT TAKES TEAMWORK, MATERIALS TECHNO
Page 45 and 46: Saudi Arabian Airlines Flies Above
Page 47 and 48: Saudi Arabian Standards Organizatio
Page 49 and 50: Muna Abu Sulayman Selected as a 200
Page 51 and 52: Upcoming Conferences and Exhibition

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