Eni/SABIC JointVenture Talks Collapse
Eni announced on 16 April that talks with Saudi BasicIndustries Corporation (SABIC) on forming a joint venture with EniChem, thepetrochemical unit of the Italian firm, had broken down. Talks on the possiblesale of EniChem to SABIC had been going on for several months. The Enistatement suggests that a deal with SABIC may still be possible, but couldinvolve only individual petrochemical assets. In its statement Eni...