Saudi Basic Industries Corp (Sabic) will not move ahead with plans to expand an existing petrochemical joint venture with Royal Dutch Shell in Saudi Arabia as the results of feasibility studies were not encouraging, Sabic said on Thursday.
Petrochemicals giant Saudi Basic Industries Corporation (Sabic) and Shell said they are progressing plans for the expansion of various projects at their joint venture Saudi Petrochemical Company (Sadaf).
The joint venture partners
Automation technology group ABB said it has won a $20 million contract from Saudi Petrochemical Company (Sadaf) to implement a power factor correction and power management solution at its Jubail manufacturing complex.
As per the deal, ABB