Saudi Delegation Culminates U.S. Tour with Return to Oil Roots

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HOUSTON—After courting Hollywood and Silicon Valley, a Saudi delegation led by Crown Prince Mohammed bin Salman capped a nearly three-week American tour on Saturday by touting potential petrochemical investments totaling billions of dollars along the U.S. Gulf Coast.

The plans for investment by Saudi Arabian Oil Co., known as Aramco, and Saudi Basic Industries Corp., known as Sabic, weren’t final, and not wholly unexpected. But they underscored that the kingdom is looking to capitalize on the bounty of fossil fuels being unlocked…



Source link: https://www.wsj.com/articles/saudi-delegation-culminates-u-s-tour-with-return-to-oil-roots-1523149793?mod=pls_whats_news_us_business_f

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