SAUDI ARABIA

 

SABIC And ExxonMobil Eye Financing For $3.4Bn Kemya Petchem Project

Saudi Basic Industries Corporation (SABIC) and ExxonMobil have started to examine financing possibilities for their $3.4bn Kemya specialty elastomers project in Jubail. They sent out a non-disclosure agreement to banks in order to start market soundings with lenders, MEES understands. The move comes shortly after they announced their intention to proceed with the project on 25...