It Is Keen for SABIC to Venture Into Peruvian Market

One of the world's biggest petrochemical producers – Saudi Arabian Basic Industries Corporation (SABIC) is eagerly eyeing to invest in Peru, Andina reported quoting SABIC President for South America, Ricardo Knecht.   Participating in the 8th World Economic Forum on Latin America 2013, Mr. Knecht said continuously seeking new investment opportunities, SABIC eyes Peru as a good choice for investment in short term or medium term.   On his participation in the Forum, he said one of his aims is to gather knowledge about the Peruvian energy market, particularly about the hydrocarbon sector, as they are surveying the prospects of shortly entering into commercial relations with their country.   Based in Riyadh in Saudi Arabia, SABIC is a public company comprising six businesses, namely polymers, fertilizers, chemicals, performance chemicals, innovative plastics and metals.