Sabic chief executive Yusuf al-Binyan is “optimistic” about the company’s outlook for 2018, after “an increase in oil prices reflected positively on petrochemical prices” in 2017.

However, the company will look to cut operating costs by 5-7% in 2018, “somewhat similar to 2017,” he told reporters at the firm’s 2017 results presentation on 28 January. (CONTINUED - 767 WORDS)