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Sabic to Build Storage Unit in Jubail This Year, Watan Reports

Saudi Basic Industries Corp. (SABIC) plans to construct a new unit in the fourth quarter to store petrochemicals in Jubail, al-Watan reported, citing an unidentified source at the company.

The new unit will increase the company’s petrochemical storage capacity to 18 million tons a year, the newspaper said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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