Sabic said it implemented “strategic restructuring initiative” that had an impact on total cost of $290m
SABIC
Amin Nasser
Saudi Aramco said to mull bond market move to fund Sabic deal
Sources say Aramco move into bond market could offer alternative to planned IPO
acquisition
Saudi Aramco is said to line up banks to fund Sabic acquisition
Saudi Aramco is considering buying 50% to 70% from the Public Investment Fund, the country’s sovereign wealth fund which controls Sabic
Amin Nasser
Saudi Aramco CEO says SABIC deal would impact IPO timeline
Amin Nasser says a stake in SABIC makes Aramco less vulnerable to volatile oil prices, and would be positive for its revenue
acquisition
Saudi Aramco in ‘preliminary’ discussions to acquire SABIC stake
Saudi Aramco said there is still ‘no certainty’ that any transaction will take place
petrochemical products
Saudi Basic Industries profit rises 5.4% on higher prices
Sabic will build a headquarters in Houston for its western hemisphere operations to capitalise on the US shale boom
Aramco
Saudis eye chemical and oil refinery opportunities on US Gulf Coast
Saudi Aramco’s Motiva Enterprises has agreed to assess the potential for producing ethylene, a component in plastics.
chemical manufacturing
Saudi chemical maker eyeing Houston for Americas headquarters
Final decision will be contingent on receiving local and environmental permits
Petrochemicals
Saudi’s SABIC Q4 net profit falls 18% as output, sales drop
SABIC CEO Yousef al-Benyan told a news conference that he was optimistic about the outlook for 2018
SABIC
Saudi Sabic buys 25% of Swiss chemical maker Clariant
Sabic said it ‘currently has no plans’ to make a takeover offer for Clariant
Petrochemicals
Saudi Arabia awards $700m contract for new chemicals plant
South Korean firm Samsung Engineering wins deal for ethylene oxide-ethylene glycol plant
Aramco
Aramco-SABIC partnership will give Saudi economy ‘more flexibility’
BMI Research predicts that major oil companies will increasingly invest in petrochemical projects to meet new market demand
Petrochemicals
Aramco, Sabic sign agreement for $20bn oil-to-chemicals project
Saudi Arabia is prioritising a more diverse output of petrochemicals to help wean its economy away from crude