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The Saudi General Authority for
In December 2018, the giant petrochemical producer signed an agreement with Japan Saudi Arabia Methanol Company (JSMC), renewing its partnership in Ar-Razi for another 20 years, Argaam reported.
Under the deal, SABIC raised its stake in Ar-Razi to 75 percent by purchasing half of JSMC’s share, reducing JSMC’s stake in Ar-Razi to 25 percent.
Ar-Razi was established in 1979, as a 50/50 joint venture between SABIC and JSMC with the aim of developing, establishing, owning and operating a methanol complex.
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