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Saudi Arabia has become a world petrochemical production site by establishing a world-class petrochemical production base and world-class petrochemical companies. Up to now, Saudi Arabia has deployed two large-scale petrochemical production bases in Jubail and Yanbu on the east coast and the Red Sea coast. It has established a large-scale petrochemical company headed by Saab and has built 24 giant integrated projects (of which 14 For international joint venture projects), there are a number of projects under construction or under study. As of 2009, the Petro Rabigh integration project with a total investment of US$10 billion, annual production of 18 million tons of refinery, and nearly 2.5 million tons of ethylene/propylene and other petrochemical products jointly invested by Saudi Aramco and Japan’s Sumitomo was officially put into operation. Saudi Aramco and the Dow Chemicals in Ras Tanura, France’s Total in Jubail, and ConocoPhillips’ projects in Yanbu are in progress.
Saudi Arabia has the lowest cost and most abundant petrochemical feedstock resources in the world. With Saudi Arabia's large-scale petrochemical joint projects being put into operation one after another, it is expected that by 2014, Saudi Petrochemical's production capacity will account for 10% of the world's total.