Saudi Aramco tweeted media speculation was "entirely speculative" It follows media speculation in recent weeks about a potential deal involving the purchase of the petrochemicals giant by Aramco LONDON: Media reports on a potential transaction between Saudi Aramco and the Saudi Arabian Basic Industries Corp. (SABIC) were “entirely speculative,” the state energy firm said on Thursday. It follows media speculation in recent weeks about a potential deal involving the purchase of the petrochemicals giant by Aramco. “Saudi Aramco will provide updates when appropriate,” the national oil company tweeted, without mentioning which reports it referred to or the media outlets concerned. aramco | أرامكو ✔ @Saudi_Aramco · 16h ما تتداوله وسائل الإعلام بخصوص تفاصيل صفقة الاستحواذ المحتملة على حصة في شركة (سابك) هي مجرد تكهنات، وستقوم #أرامكو_السعودية بتوضيح التفاصيل في الوقت المناسب aramco | أرامكو ✔ @Saudi_Aramco Recent media reports on the potential Saudi Aramco-Sabic transaction are entirely speculative. #Saudi_Aramco will provide updates when appropriate 11:18 AM - Sep 13, 2018 33 54 people are talking about this Twitter Ads info and privacy Saudi Aramco in July denied interest in acquiring an ownership position at SABIC in July, but said it was in “very early-stage discussions” with the Kingdom’s Public Investment Fund (PIF) to acquire a stake in SABIC via a private transaction. “Saudi Aramco has no plans to acquire any publicly held shares of SABIC,” it had said, adding that appropriate announcements would be made in compliance with “applicable regulations.”