The world’s largest oil company, Saudi Aramco, and Saudi Basic Industries (SABIC) have re-evaluated their $20 billion crude-oil-to-chemicals project with a view to integrating existing facilities instead.
The world’s largest oil and gas company, Saudi Aramco, has delayed its multi-billion-dollar petrochemical and liquified natural gas (LNG) projects to maintain cash flow for the paying of dividends.
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast.
A fire at a petrochemical plant owned by the Saudi National Petrochemical Industrial Company (NATPET) in the Yanbu province on the Red Sea has killed one worker and injured 11 more.
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