Aramco moots petrochem plant location change

Saudi Aramco could change the location of its $17bn petrochemicals complex at the Gulf port of Ras Tanura, Meed has reported, citing sources close to the plan. Aramco is having major difficulties with the current site and is now working on a feasibility study for other potential locations. These include Jubail, a second Gulf industrial city to the north of Ras Tanura, and Ras al-Zour, another industrial port 80km to the north of Jubail. The oil giant is expected to come to a decision over a site for the project by either late March or early April, sources said.