MARCH 28TH, 2019 
TYRONE MORRIS INDIANA
A Saudi Arabian company has reached a deal to buy a 70 percent stake in petrochemical company SABIC which operates right here in the Tri-State.
Saudi Aramco is the world’s largest oil producer but they’re shifting their focus to petrochemicals as demand for gas and other fuels slows down.
The $69.1 billion dollar deal still has to be approved. Sabic operates in 50 countries and has about 35,000 employees including some right here in the Tri-State.
The deal is not expected to have any impact on SABIC employees in Mt. Vernon.
Comments
0 comments
