SYRIA

Apicorp Lends $30mn for Banias Refinery and Tayyim Field

Apicorp will extend a loan of $30mn to Syria, under an agreement signed in Damascus on 27 April. Of this sum, $25mn will go to the Banias refinery for improving and upgrading, under a UOP licence, some of the refinery's units. These include the LPG, hydrocracking and visbreaking units with a view to improving the quality and raising the output of some products particularly LPG, fuel oil and premium gasoline. The output of...