Aramco, Sabic One Step Closer to Turning Oil Into Chemicals

Updated on
  • Companies agree to study chemicals complex in Saudi Arabia
  • Kingdom seeking to build manufacturing based on oil, chemicals

Saudi a Step Closer to Turning Oil Into Chemicals

Saudi Arabian Oil Co. and Saudi Basic Industries Corp. are one step closer to building their first plant to process crude directly into chemicals, cutting out a costly intermediate link in the production of plastics.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.