Saudi Basic Industries Inc. (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 industr...

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