Middle East Economic Survey
VOL. LIV
No 42
17-Oct-2011
Satorp Paves Way For Saudi Project Sukuk Issuers With $1Bn Offering
With its successful launch of SR3.749bn ($1bn) of sukuk, Saudi Aramco Total Refining and Petrochemical Company (Satorp) has prepared the ground for other projects in the kingdom seeking to issue Shari'a compliant paper. The 400,000 b/d Satorp export refinery project in Jubail, costing $12.5bn and sponsored by state oil giant Saudi Aramco and French oil major Total, issued...
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