SAUDI OIL FIRM OBTAINS HUGE LOAN
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.