Middle East Economic Survey


No 29


Saudi Aramco, Total Seek $8Bn Funding For Jubail Refinery Project

Saudi Aramco and Total have approached lenders seeking funding for their 400,000 b/d export refinery project in Jubail, MEES learns. With the total debt requirement pegged at $8bn, it will be Saudi Arabias largest project financing to date, superseding recent mega projects in the kingdom such as the Aramco/Sumitomo PetroRabigh petrochemical facility ($5.84bn debt MEES, 11...