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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Bandar Al-Mosalam

SABIC CEO to Asharq Al-Awsat: We Expect Improvement in Demand for Petrochemicals in 2nd Half of 2023

SABIC Asharq AlAwsat Saudi Aramco
SABIC acting CEO Abdulrahman Al-Fageeh speaks during a press conference in Riyadh. (Asharq Al-Awsat)

Energy prices caused the profit margins of the Saudi Basic Industries Corporation (SABIC) - the world’s largest petrochemical producer - to decline by 28 percent in 2022.

SABIC acting CEO Abdulrahman Al-Fageeh told Asharq Al-Awsat that the company was optimistic about the quality and reliability of the factories, expecting that the second half of 2023 would witness an improvement in demand for petrochemical products.

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