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Saudi Basic Industries (SABIC), one of the world’s largest petrochemical companies, is looking to enter the U.S. shale market as early as this year, according to a report by Reuters.
The company’s Chief Executive, Mohamed al-Mady, commented: "We’re currently in talks with a few big names in the U.S. for investment in shale gas. We expect to enter the market sometime this year."
Additionally, al-Mady noted that the company’s investment in U.S. shales would be small in the early stages, but would grow sizably in 2017.