Acting Chief Executive Officer of Saudi Arabian Basic Industries Corporation (SABIC) Yusuf bin Abdullah Al-Bunyan has stressed that the global economy faced many economic fluctuations as a result of the fluctuation of oil prices, pointing out that the petrochemical industry is a significantly mixed industry with oil prices, affecting the prices of petrochemicals to a large extent. In a press conference held here today to shed light on the Corporation's performance and comment on its earnings in the first quarter and achievements, he said: "Despite of the market price fluctuations, SABIC was able through reliability in production; the expansion of research and development; through the commissioning management and reliance on human resources in the production and expansion and its presence in international markets to reduce volatility faced by other companies, noting the concentration of SABIC and its eagerness to increase profitability for shareholders."