Al Jubail, Saudi Arabia -- The Saudi Arabian government is considering selling part of its stake in the Sadara joint venture with Dow Chemical, according to an unconfirmed press report.
The report in Arab, News quoted Petroleum and Natural Resources Minister Ali Al-Naimi as saying: “We will sell part of Sadara and Satorp [a refinery] to citizens in the future at cost rate.” The minister was visiting Al Jubail on 10 January 2013.
When it is commissioned, Sadara will be a world-scale integrated chemical complex in the Jubail Industrial City II with capacity for isocyanates and polyols when it is commissioned, according to the JV’s website.
