Middle East Economic Survey
VOL. LIV
No 52
26-Dec-2011
UAE
APICORP Signs Deal For Fujairah Storage Terminal Financing
The Arab Petroleum Investments Corporation (APICORP) announced on 19 December the signing of an agreement to deliver the first tranche of a finance package for the Socar Aurora Fujairah Terminal (SAFT) project, being built by a joint venture of Azeri state firm Socar and Switzerland-based trading house Aurora Progress, and the Government of Fujairah.
The financing will help...
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