News Post
SABIC decision on Exxon petrochemicals venture likely by Q2 2017
(Reuters) A decision on whether Saudi Basic Industries Corp (SABIC) will go ahead with a JV with ExxonMobil will likely be made by Q2 2017, SABIC's acting chief executive said.
SABIC is studying the possibility of launching a jointly-owned petrochemicals complex with an affiliate of ExxonMobil on the US' Gulf Coast, the pair said on Monday.
Reporting by Marwa Rashad and Reem Shamseddine; Writing by David French
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