Aramco/Sabic JV will be the world’s biggest producer of chemicals directly from crude. Saudi is targeting petchems expansion in economic diversification push.

State petroleum firm Saudi Aramco and petchems counterpart Sabic have chosen UK’s Wood Group to oversee the development of a game-changing project to produce petrochemicals directly from crude oil.

The 50:50 JV partners have contracted Wood to undertake front end engineering design (FEED) with a view to an end-2019 final...