SABIC and Saudi Aramco’s study to build oil-to-chemicals complex to be completed by 1Q17
In an interview with Al Arabiya, CEO of Saudi Arabian Oil Company (Saudi Aramco) Amin H. Nasser, has announced that the study conducted with Saudi Basic Industries Corporation (SABIC) [2010.SE] to build an oil-to-chemicals complex will be finished by 1Q17. He added that the project would be the world’s largest, if it proves to be feasible. Nasser mentioned that the project comes in line with Saudi Aramco’s strategy to diversify its revenue stream and expand in the petrochemicals sector. (Argaam) SABIC: SAR96.88 as of 01 December 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD77,504mn, SABIC AB / 2010.SE
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