Aramco looks to raise Jubail refinery finance

04 March 2010

Saudi Aramco has approached the major banks in the kingdom to raise $4bn to help finance its planned $9.6bn Jubail oil refinery project, Meed has reported. International banks are expected to provide about $1.9bn for the 400,000-barrel-a-day plant, with further $1.7bn guarantees by international export credit agencies, and a $1bn sukuk is also due to be issued. Jubail was originally scheduled to come on line in March 2013, but the start date has since been delayed to late 2013.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications