Saudi Aramco. SABIC to Sign MoU on $25 Billion Oil to Chemicals Complex

core November 26, 2017 Companies Leave a comment 2 Views

State oil giant Saudi Aramco and Saudi Basic Industries Corp are about to sign a memorandum of understanding to build a complex converting crude oil to chemicals in the kingdom. sources told Reuters on Sunday.
The two companies had agreed in June 2016 to conduct a feasibility study for the project. which industry sources have estimated would cost around $25 billion to build.

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