Saudi Aramco and SABIC note recent speculative news reports about the possibility of merging their petrochemicals businesses. The companies wish to clarify that they have no plans to pursue this option.

Both companies will continue to explore mutually beneficial opportunities to work together as partners and contribute to the continued growth and diversification of the Kingdom’s economy.

About Saudi Aramco

Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, is the state-owned oil company of the Kingdom of Saudi Arabia.
Through our 80-year history we have become a world leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing, and the world’s top exporter of crude oil and natural gas liquids (NGLs).

About SABIC

Ranked among the world’s largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia. 70% of the Company’s shares are owned by the Saudi Arabian government, with the remaining 30% held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council.