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Asharq Al-Awsat

Business

Jubail - Asharq Al-Awsat

Saudi Petrochemical Strategy in its Final Stages

Abdulaziz bin Salman Oil SABIC Inauguration Jubail

The Saudi Energy Minister announced on Wednesday the expansion of the petrochemical conversion industry in Saudi Arabia. (Asharq Al-Awsat)

Saudi Minister of Energy Prince Abdulaziz bin Salman said on Wednesday that the petrochemical sector was rapidly growing in demand for oil globally, stressing that the acceleration in growth will continue until 2040.

In remarks during the inauguration of the Saudi Petrochemical Industries Company (SABIC) building in Jubail, the minister noted that the company was the fourth largest global producer of petrochemicals, and enjoyed all the necessary elements to further develop in the future.

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