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Thursday, 19 January 2017

Saudi's SABIC still keen on Exxon Mobile venture in U.S., looking for more | Reuters

Saudi's SABIC still keen on Exxon Mobile venture in U.S., looking for more | Reuters:

"Saudi Basic Industries Corp (SABIC) 2010.SE remains upbeat on a proposed petrochemical venture in the United States with Exxon Mobil (XOM.N) and a preliminary investment decision could be made within months, SABIC's chief executive said on Thursday. Last July SABIC, one of the world's largest petrochemicals groups, said it was studying whether to build a petrochemical complex on the U.S. Gulf Coast with an Exxon affiliate. The project would supply ethylene to other units making derivatives. SABIC chief executive Yousef al-Benyan told Reuters on Thursday that he would travel to the United States at the end of this month to look at the proposed project."



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