lly through Saudi Aramco) aims to become a leader not only in commodity chemicals, but also downstream petrochemical conversion. In the cities of the Jubail and Rabigh, the Ministry of Energy, Industry and Mineral Resources (along with Saudi Aramco) is constructing value-parks next to upstream chemical fa

6 126 100% nla Ras Tanura Ras Tanura 1986 550 550 100% nla Total 1,006 1,006 Domestic refining JVs: SAMREF Yanbu 1983 400 150 50.0% ExxonMobil SASREF Jubail 1986 305 114 50.0% Shell Petro Rabigh | Rabigh 1990 400 150 37.5% Sumitomo (37.5%, free float 25%) SATORP Jubail 2014 400 250 62.5% Total (37.5%) YAS

int venture and result mainly from a guarantee of E39 million granted to secure a loan for the joint venture Saudi Acrylic Polymers Company, Ltd., Jubail (Saudi Arabia). In addition, two guar- antees totaling E5 million were provided as collateral for a facility for hedging transactions at the joint v