Sabic Grows and Diversifies

Next year will mark the 35th anniversary of the foundation of Saudi Basic Industries Corp. (Sabic; Riyadh), a company established to add value to Saudi Arabia’s natural resources and make the Kingdom less dependent on oil exports. Until Sabic’s first petrochemical plants came onstream in the early 1980s, natural gas produced in Saudi Arabia, in association with crude oil, was flared or re-injected.

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