ExxonMobil, Saudi Arabia In Discussions To Develop A Petrochemical Complex Along The US Gulf Coast -- July 25, 2016

I normally don't post these stories this early in the "cycle" -- but this helps understand Prince Salman's strategic plan for Saudi Arabia. Oil & Gas Journal is reporting that ExxonMobil and SABIC (Saudi Arabian Basic Industries) are in discussions to develop a jointly-owned "grassroots" petrochemical complex to be built along the US Gulf Coast, either in Texas or Louisiana.