Saudi Basic Industries Corporation (SABIC) announces the latest developments of establishing a petrochemical joint venture project with ExxonMobil in the U.S. Gulf Coast
| Element List | Explanation |
|---|---|
| Introduction | (SABIC) announces that it has obtained all necessary regulatory approvals including environmental permits to establish a petrochemical joint venture project with Exxon Mobil in the U.S. Gulf Coast.
(SABIC) expects that this project will have a positive impact on its consolidated financial statements. The financial impact will be reflected after the commercial operation and project completion. |
| Date of previous announcement | 2018-05-01 Corresponding to 1439-08-15 |
| Progress % | NA |
| Expected completion date of the event | NA |
| Reasons for exceeding the announced end date | NA |
| Expenses related to the event and whether it changed or not with the justification | There is no change in the scope of the project and therefore the associated costs have not changed. |
| Impact of delay on the company’s financial results | NA |
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