Saudi Power Supply Deal

Saudi Power Supply DealSaudi Power Supply Deal

Saudi Arabia's Sadara Basic Services said its parent firm signed a $3.77 billion deal with Saudi Electricity Company to supply power to its chemicals complex in Jubail Industrial City. The agreement signed by Sadara Chemical Company, the parent company of Sadara Basic Services, is a $20 billion joint venture between state-oil giant Saudi Aramco and Dow Chemical Company, TradeArabia reported.