On May 1, 2018, the U.S.-Saudi Arabian Business Council, “the Council,” hosted an executive reception in honor of the visiting Saudi delegation at the annual Offshore Technology Conference (OTC) in Houston, Texas. The reception offered senior-level executives from U.S. energy firms the opportunity to network with representatives of major Saudi oil, gas, petrochemicals, and infrastructure […]
May 3, 2018 – Saudi Basic Industries Corporation (SABIC) and ExxonMobil have a created a new joint venture, Gulf Coast Growth Ventures, to advance development of the Gulf Coast Growth Ventures project in San Patricio County, Texas. Announced in 2016, the project will include a 1.8-million-ton ethane cracker, a monoethylene glycol unit, and two polyethylene […]
Organized by Saudi Arabian Military Industries (SAMI) in collaboration with the U.S.-Saudi Arabian Business Council, the Defense Technology and Security Conference concluded its sessions with the participation of more than a dozen high-profile speakers and over 100 industry leaders, advisors, regulators, and influencers who came to discuss and learn more about Saudi Arabia’s vision and strategic outlook in developing its defense industry with a special focus on technology and security as the two main components of the program.
March 8, 2018 – Britain’s energy service provider, Wood Group, was chosen by Saudi Aramco and Saudi Basic Industries Corporation (SABIC) to develop the world’s largest fully integrated crude oil to chemicals (COTC) complex in Saudi Arabia. Wood Group will develop the $20 billion complex, provide front-end engineering design and project management services during the […]
The U.S.‐Saudi Arabian Business Council (USSABC) is pleased to announce the selection of Jacobs Chairman and CEO Steve Demetriou to serve as U.S. Co‐Chairman of the business council, effective February 13, 2018, succeeding Former Chevron Vice Chairman Peter Robertson. Jacobs is the global technical and professional services leader providing innovative solutions for iconic infrastructure, advanced […]
November 20, 2017 – Saudi Arabian Basic Industries Corporation (SABIC) was named to the Thomson Reuters Top 100 Global Energy Leaders list. The Reuters list identifies companies which excel in complex business environments while encompassing eight core principles: management and investor confidence, innovation, reputation, legal compliance, risk and resilience, environmental impact, financial performance, and people […]
Saudi Basic Industries Corporation (SABIC) has partnered with DuPont Sustainable Solutions (DSS) in a bid to further boost its operations. DSS will provide SABIC with effective solutions to mitigate risk, enhance capabilities, and streamline processes to better manage environment, health and safety (EHS) performance. The agreement is a part of SABIC’s 2025 strategy, which calls […]
ExxonMobil and Saudi Basic Industries Corporation (SABIC) have selected a site for a petrochemicals project. The companies plan to locate the potential joint venture in San Patricio County near Corpus Christi. ExxonMobil and SABIC will decide whether or not to fully commit to the project after applying for and receiving permits for air and wastewater […]