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28-Nov-2017

SABIC to complete crude-oil-to-chemicals complex second stage studies by end-2019

SABIC CEO Yousef Abdullah Al-Benyan said the second stage of the economic and technical studies of the proposed crude-oil-to-chemicals complex with Saudi Aramco will be completed by end-2019. The project will be located in Yanbu City, Al-Benyan said, noting that it comes in line with SABIC’s strategy to improve its production capabilities on the global level.
 
SABIC: SAR100.33 as of 27 Nov. 2017, Rating: Neutral, TP: SAR105.00/share, MCap: USD80,264mn, SABIC AB/2010.SE
 

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