28 February 2005

SABIC will organize its sixth technical agricultural seminar in the Jouf area, at the Chamber of Commerce premises in Sakaka. The objective is to foster relations within the agricultural sector and provide technical and information services to help improve the correct use of fertilizers in order to maximize productivity.

The seminar is scheduled for Tuesday March 1, 2005 and will be organized in cooperation with the Department of Agricultural Guidance; the Ministry of Agriculture; the area General Directorate of Agriculture; NADEC; King Saud University and the Research Center, Ministry of Agriculture.

The seminar will be organized under the patronage of the Jouf District General Manager for Agriculture, Eng. Fahad Al-Darbas. It will also be attended by the General Manager, Ammonia and Phosphate, Mr. Fahad Ibn Nasser Ibn Salama (SABIC); Director, Agricultural Guidance - Ministry of Agriculture, Dr. Bandar Al-Otaibi as well as a group of concerned farmers, and agricultural engineers.

The seminar's agenda is as follows:

  • Agricultural guidance - its role in serving farmers

  • The diseases of fruit trees and methods of combat and control in Jouf area

  • Nematode disease of wheat and methods of combat and control in Jouf area

  • Modern trends in wheat farming. NADEC (Al-Busayta Project)

  • Fertilizer loading and storing at SABIC plants,

-Ends-

NOTES TO EDITORS:
SABIC's Fertilizer Business Unit, organizes such technical guidance seminars in major agricultural areas in the Kingdom since more than six years, in conjunction and participation of Ministry of Agriculture, and some Saudi universities as part of SABIC strategy to promote the contribution of the various national production sector to the GDP.

The Middle East's largest petrochemicals company, SABIC, is based in Riyadh, Saudi Arabia.

It was founded in 1976, when the Saudi Arabian Government decided to use hydrocarbon gases released in the production of oil as raw material for the production of chemicals, polymers and fertilizers.  The Saudi Arabian Government owns 70% of SABIC shares, with the remaining 30% held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council (GCC).

SABIC's business activities have been restructured and a new management model became effective on 1 September 2002.  There are now six Strategic Business Units (SBUs): Basic Chemicals; Intermediates; Polyolefins; PVC & Polyester; Fertilizers and Metals.  Supporting all these functions is a corporate core consisting Human Resources; Corporate Finance; Corporate Control and Research & Technology. A Shared Services Organization became operational in 2003.

SABIC has two large industrial sites in Saudi Arabia - Al-Jubail and Yanbu - with 16 world-scale production complexes.  Some of these production complexes are operated with multi-national partners such as Exxon Mobil, Shell, Fortum, Ecofuel/ENI and Mitsubishi Chemicals.  In addition, SABIC has interests in three production complexes in Bahrain.  Over the last 16 years, SABIC's overall production capacity has increased considerably.  In 2003 it amounted to 42.3 million metric tons.

SABIC EuroPetrochemicals owns two petrochemical production sites in Geleen (Netherlands) and Gelsenkirchen (Germany) for the production, marketing and sales of polypropylenes, polyethylenes and hydrocarbons. It annually sells about 2.6 million tonnes of polymers, mainly in Europe. About 2,300 people are employed at SABIC EuroPetrochemicals.

SABIC employs more than 16,000 people worldwide, most of whom are based in Saudi Arabia.  In 2003, SABIC posted sales of approximately SR47.1bn (US$12.56bn) and a net profit of approximately SR6.716bn (US$1.79bn).

Mohammad Al-Motawa
General Manager,
Corporate Communications

© Press Release 2005