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Saudi Arabian Oil Co. and its partner Dow Chemical Co. plan to start production this year at their $20 billion Sadara chemicals joint venture as other projects being planned in the region face the obstacle of falling crude prices.Qatar Petroleum and Royal Dutch Shell PLC ended plans last month to build a $6.5 billion petrochemical plant, saying it was "commercially unfeasible" in the current market.Middle Eastern petrochemical plants, which use natural gas, are becoming less competitive than plants that use oil after crude prices declined, Sharma said. Chemical prices are also falling because of lower oil prices, he said.
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