SAUDI ARABIA 

Satorp Shareholders Hike Capital 46% To $950Mn

Saudi Aramco Total Refining and Petrochemical Company (Satorp) shareholders Saudi Aramco and France’s Total have hiked their capital in the company. Their paid-in capital in the 400,000 b/d export refinery project in Jubail has climbed 46% to SR3.56Bn ($950mn) from SR2.44bn ($650mn). The increase will be paid in cash by the sponsors in proportion to their shareholding – 62.5% for Saudi Aramco and 37.5% for Total....