By SHIKRALLAH NAKHOUL
Petrochemical giant Saudi Basic
Industries Corp., or Sabic, has agreed with Shell to expand
their partnership through their Saudi Arabia Petrochemical Co., or Sadaf, joint
Sabic said the two companies will jointly
conduct studies for a styrene monomer propylene oxide, or SMPO,
project and a polyols project before making a final
"Sabic and Shell have also agreed to build on
their strong long-term relationship to explore international petrochemical opportunities beyond
Sadaf and Saudi Arabia," the mainly state-owned company said in
a statement posted on the Saudi bourse website on Monday.
Sadaf is located in Saudi Arabia's Jubail
Industrial city, according to the statement.
Dow Jones Newswires