The Saudi Ambassador Abdullah bin Saud Al-Anzi stated, "Iran has demonstrated remarkable advancements in knowledge and cutting-edge technologies within the petrochemical sector, and we are keenly interested in fostering collaboration."
This statement comes as a testament to the growing potential for economic cooperation between the two regional powers. Notably, there exist promising avenues for partnership between SABIC (Saudi Basic Industries Corporation) and Iranian petrochemical companies.
This announcement signals a thawing of relations and presents an opportunity for both nations to leverage their strengths, contributing to the development and growth of the petrochemical sector in the region. As discussions progress, the global energy landscape will be closely watching to see how this cooperation unfolds and its potential impact on the petrochemical industry's future