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SABIC
SAUDI ARABIA TO OPEN FOR NEW INVESTMENTS: SABIC CEO
Yousef Abdullah Al-Benyan, CEO of SABIC, says the Saudi 2030 plan will open up new investment opportunities for Chinese companies. ... -
SABIC
SHELL EXITS THIRD SAUDI PROJECT AFTER ENDING SABIC VENTURE
Saudi Basic Industries Corp. agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in a petrochemical joint venture for $820 million, marking the third project with Saudi Arabia’s largest companies that the Anglo-Dutch company has exited since 2014. ... -
SABIC
SAUDI’S SABIC SELLS POLYMERSHAPES UNIT TO U.S. FIRM
Saudi Basic Industries Corp (SABIC) 2010.SE has agreed to sell its Polymershapes unit to U.S. investment firm Blackfriars Corp, SABIC said without giving a value for the deal. ... -
SABIC
SAUDI’S SABIC AGREES PETROCHEMICALS PROJECT WITH CHINA’S SHENHUA
SABIC said in a statement the joint project would be a "greenfield petrochemical complex" located in the Ningxia Hui Region of China and would help the Saudi company diversify its feedstock sources. ... -
SABIC
SAUDI’S SABIC COUNTS ON COST CUTTING TO COMBAT VOLATILE COMMODITY PRICES
Saudi Basic Industries Corp. is counting on lower costs to help combat slack demand and volatile commodity prices after the state-controlled group, one of the world’s largest petrochemical companies, reported a sharp fall in quarterly profit. ... -
SABIC
SAUDI ARABIA’S SABIC PLANS MORE THAN THREE VENTURES IN CHINA
Saudi Basic Industries Corp., the world’s second-biggest chemicals manufacturer, plans more than three joint venture projects in China, according to acting Chief Executive Officer Yousef Al Benyan. ... -
SABIC
SAUDI’S SABIC TO REORGANISE INNOVATIVE PLASTICS UNIT EFFECTIVE JAN. 1
Saudi Basic Industries Corp (SABIC) will reorganise its Innovative Plastics unit effective Jan. 1, the company, one of the world's biggest petrochemicals firms, said on Thursday. ... -
SABIC
SAUDI ARABIA’S SABIC CONSIDERING SHALE GAS INVESTMENTS IN U.S.
Saudi Basic Industries Corp., the world’s second-biggest chemicals manufacturer, plans to expand investment in U.S. shale gas projects through joint ventures, according to acting Chief Executive Officer Yousef al Benyan. ... -
SABIC
SAUDI BASIC INDUSTRIES MAKING MORE STEEL AS LOW OIL HELPS GROWTH
Saudi Basic Industries Corp., the world’s second-biggest petrochemicals manufacturer by market capitalization, expects to boost steel production with lower oil prices stimulating demand. ... -
SABIC
SAUDI BASIC INDUSTRIES REPORTS 29% IN PROFIT ON OIL DROP
Net income dropped to 4.36 billion riyals ($1.16 billion) from 6.16 billion riyals a year earlier, the Riyadh-based company said in a statement today. Sales slipped 10 percent to 43.4 billion riyals. Sabic gained 0.8 percent in Riyadh trading. ... -
SABIC
IS SABIC LOOKING TO INVEST IN U.S. SHALE?
SABIC CEO Yousef al Benyan said the company is looking to expand its interests in U.S. shale gas through joint venture projects, according to a report in Bloomberg. SABIC has signed an agreement with Houston, Texas-based Enterprise Products Partners L.P. to get shale gas, according to the report, to be used in the United States or […]