Saudi Aramco has completed its acquisition of a 70% stake in petrochemicals producer Saudi Basic Industries Corp. (Sabic) in a deal worth $69.1 billion. Payments will be made in installments starting this year and running until 2028. "It is a significant leap forward, which accelerates Aramco’s downstream strategy and transforms our company into one of the major global petrochemicals players,” said Aramco Chief Executive Amin Nasser.
展开▼
