Saudi Basic Industries Corporation’s (SABIC) [2010.SE] CEO Yousef Abdullah Al-Benyan provided several updates to the market in an interview with Reuters on 21 October, 2016. Al-Benyan mentioned that SABIC is looking for more overseas ventures to reduce its dependence on domestic natural gas from Saudi Arabia. He added that the joint petrochemicals complex with Exxon Mobil that is currently under study would include the largest steam cracker in the world and would be SABICs largest international investment to date, but declined to give an investment amount. He noted that the complex would have an annual production capacity of 1.8mn tonnes. Al Benyan also mentioned that the company has a solid balance that would allow them to finance any future expansions. With regard to HADEED, SABIC's 100%-owned steel subsidiary, he noted that the company's restructuring plan would be revealed in the next 60 days. Finally, he mentioned that while he expects global demand to be challenged in 2017, he does not expect a drop in revenues, as the company is very well-positioned from a competitive perspective. (Reuters)     SABIC: SAR83.83 as of 20 October 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD67,064mn, SABIC AB / 2010.SE