01 June 2004 03:55 [Source: ICIS news]
Sumitomo Managing Director Ichiro Miyawaki said on Monday: “The schedule and content of the feasibility study will not be affected, and it will proceed as initially planned.”?xml:namespace>
In mid-May, Sumitomo announced it had signed a Memorandum of Understanding with Saudi Aramco to build a S$4.3bn (Euro3.5bn) complex capable of producing 2.2m tonne/year of olefins.
That announcement was just one week after an earlier terrorist attack in
Last weekend, a second attack saw a further 22 foreigners killed at Khobar on the
A spokesman for Sumitomo said the company did not have any employees in
Another Japanese company, Sojitz Corp, said it planned to repatriate two of its employees from Khobar along with their four family members.
While few Japanese and Korean petrochemical companies have staff or operations in
Stephen Han, a spokesman for
Oil prices have risen more than 25% since the end of 2003 due to increased demand, especially from
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