SAUDI OIL FIRM OBTAINS HUGE LOAN

  • Middle East Newsline
  • January 07, 2002
ABU DHABI [MENL] -- Saudi Arabia has obtained a $1.15 billion loan from aconsortium of banks to construct a petrochemical facility. The Saudi Basic Industries Corp. has signed an agreement for the loan tofinance a petrochemical facility in Jubail. SABIC's subsidiary, JubailUnited Petrochemical, will construct the facility.
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