Middle East Economic Survey

VOL. XLVII

No 33

16-August-2004

ENERGY FINANCE

SMBC Appointed Financial Advisor For Saudi Refinery Project

The Sumitomo Mitsui Banking Corporation (SMBC) has been appointed as financial adviser to Saudi Aramco and Sumitomo Chemical Ltd, the sponsors of the $4.3bn integrated refinery and petrochemical project at the Red Sea town of Rabigh, on the west coast of Saudi Arabia (MEES, 17 May). Potential lenders are expected to be approached to achieve financing for the scheme...