SABIC Company News

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Saudi Aramco Trims Cost of Yanbu Project
Monday, October 19, 2020Aramco and its subsidiary Saudi Basic Industries Corp. intend to incorporate existing facilities into the Yanbu project instead of building an entirely new one.

Verdict on Aramco, Sabic Crude-to-Chemicals Plan Expected in 2Q
Thursday, January 16, 2020Saudi Basic Industries Corp. and Saudi Aramco expect to announce in the second quarter whether they'll proceed with plans to build a facility to process crude oil directly into chemicals.

Permian NGL Access a Plus for Exxon-Sabic Project
Friday, June 14, 2019A new Corpus Christi-area ethane steam cracker complex will enjoy closer proximity to a major source of natural gas liquids feedstocks than other Texas Gulf Coast sites.

Aramco Grabs Sabic Stake for $69B
Wednesday, March 27, 2019The purchase subtly shifts Aramco's center of gravity away from its core business of pumping oil into petrochemicals.

Sabic Team Scouring World for M&A Deals
Tuesday, November 27, 2018Sabic is targeting acquisitions and partnerships with oil majors as the petrochemicals giant seeks to expand in faster-growing markets.

Five-year Sabic Deal Goes to WorleyParsons
Wednesday, November 07, 2018WorleyParsons stated that it will execute the services from its offices in Germany, the Netherlands, Spain and the United Kingdom.

Red Sea Project to Create 30,000 Jobs
Thursday, November 01, 2018Saudi Aramco and SABIC will develop an integrated industrial complex to convert crude oil to chemicals at Yanbu.

Aramco Signals Chemical Ambitions Beyond Sabic Deal
Wednesday, October 24, 2018Saudi Aramco's CEO says he has bigger ambitions in petrochemicals beyond the planned $70 billion acquisition of a strategic stake in Sabic.

Saudi Aramco Shelves IPO for Sabic Stake
Thursday, August 23, 2018Saudi Arabia has formally put the initial public offering of its giant oil company on hold while Aramco focuses on buying a strategic stake in Sabic.

Saudi's SABIC Expects 2H Positive Growth; Eyes Overseas Expansion
Monday, July 30, 2018SABIC expects positive growth in the second half of this year.

Saudi Arabia's SABIC Looking At Investing In US
Wednesday, December 06, 2017SABIC is considering several possible investments in the United States.

Saudi Aramco, SABIC Launch Bidding At Key Chemical Project
Thursday, August 24, 2017Saudi Aramco and SABIC have launched bidding for engineering work on their joint crude oil to chemicals project.

Shell Divests Stake in Saudi JV
Wednesday, August 16, 2017Shell has completed the sale of its 50-percent stake in the SADAF petrochemicals joint venture to SABIC, Shell announced Tuesday.

Knapp: Industry Should Hire Hackers to Boost Cybersecurity
Wednesday, October 26, 2016The oil and gas industry should hire hackers in order to boost cyber-security, said Eric Knapp, chief engineer for cybersecurity solutions and technology at Honeywell Process Solutions.

Saudi's SABIC Expects To Enter US Shale Market This Year
Wednesday, January 22, 2014Saudi Basic Industries plans to invest in the US shale gas this year.

Sabic Selects Hydratight for Controlled Bolting & OSM Services
Tuesday, December 15, 2009Hydratight Saudi Arabia has secured a new five-year contract to provide the bulk of on-site machining and bolting services to Sabic Services Ltd, the service arm of the Saudi Basic Industries Company, and its affiliates throughout the region.

EC Harris Bucks Trend, Sees Growth in Oil & Gas Market
Thursday, April 02, 2009The oil and gas arm of leading international consultancy EC Harris has seen its business grow by 80% in the last 12 months since establishing operations in strategic oil and gas locations overseas.

Saudi Arabia Keeps China Oil Cos at Arm's Length
Monday, February 09, 2009Despite burgeoning trade between China and Saudi Arabia, progress is slow for China's biggest oil and gas companies in securing equity stakes in Saudi's oil and natural gas fields.

Aker Kvaerner and Sinopec to Pursue More Mideast Opportunities
Wednesday, July 26, 2006The Engineering and Construction Department of China Petrochemical Corporation (Sinopec) has signed a memorandum of understanding with Aker Kvaerner for the joint execution of projects in the international marketplace.