SABIC CEO Expects to Sign Accord With Aramco This Year

The video discusses the strategic importance of Saudi Aramco and SABIC, highlighting their partnership in oil-to-chemicals technology. It covers the potential benefits of this collaboration, including risk management and diversification to mitigate oil price volatility. The video also provides an outlook on oil price stability for 2018, based on expert reviews.

What is the main focus of the strategic partnership between Saudi Aramco and SABIC?

• Enhancing oil to chemicals technology

• Improving corporate social responsibility

• Developing renewable energy sources

• Expanding into new geographical markets

How does SABIC manage the risk associated with oil price volatility?

• By reducing production levels

• By focusing on renewable energy

• By diversifying its asset base globally

• By investing solely in the Middle East

Which regions are part of SABIC's diversified asset base?

• Europe, US, and China

• Asia, Australia, and Canada

• Russia, India, and Japan

• Middle East, Africa, and South America

Why is the specialty business important for SABIC?

• It has a high dependency on crude oil prices

• It provides stability against oil price fluctuations

• It focuses on renewable energy

• It is the largest segment of SABIC's portfolio

What is the expected trend for oil prices in 2018 according to expert reviews?

• Significant decrease

• Fluctuate unpredictably

• Remain at current levels

• Significant increase