SABIC developing key role in petrochemical markets
This paper reports that Sabic, Saudi Arabia's state petrochemical company, has emerged as a major player in that industry. Sabic was created in 1976 mainly to add value to Saudi hydrocarbon resources by using associated gas, formerly mostly flared, as feedstock for basic petrochemical products. Its role expanded to include downstream petrochemical products, fertilizer, and metals, essentially creating an industrial base in Saudi Arabia. Since then, Sabic has developed with joint venture partners 15 companies, each representing a world scale industrial plant. The first 12 of those were on stream by yearend 1985. Total industrial output, mainly petrochemicals, has increased to more than 11 million metric tons in 1989 from almost 3 million tons in 1984.
- OSTI ID:
- 5819578
- Journal Information:
- Oil and Gas Journal; (USA), Journal Name: Oil and Gas Journal; (USA) Vol. 89:1; ISSN OIGJA; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
020500* -- Petroleum-- Products & By-Products
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
ASIA
CHEMICAL PLANTS
INDUSTRIAL PLANTS
INDUSTRY
JOINT VENTURES
MARKET
PETROCHEMICAL PLANTS
PETROCHEMICALS
PETROLEUM INDUSTRY
PETROLEUM PRODUCTS
PRODUCTION
PUBLIC ENTERPRISES
SAUDI ARABIA