Petrochemicals

The Dow Chemical Company (Dow) and Saudi Arabian Oil Company (Saudi Aramco) announced the official formation of Sadara Chemical Company (Sadara), a joint venture between the two companies.

Mr Mosaed Al-Ohali, Executive Vice President, Manufacturing, Sabic spoke to Oil Review about Sabics sustainability drive and ambition to become innovation leaders.

Baker Huges and Foster Wheeler reported their third quarter earnings that saw Baker Huges post record profits but Foster Wheeler saw its profits fall.

The Saudi Basic Industries (SABIC) has launched a new global corporate venture capital arm, SABIC Ventures, in the Netherlands, with the primary goal of seeking out innovative technologies and businesses.