VOL. XLVI

No 41

13-October-2003

SAUDI ARABIA

ENERGY FINANCE

International Methanol Company Secures $180Mn Loan

Saudi Arabias International Petrochemical Company (Sipchem) announced on 5 October that its subsidiary, International Methanol Company (IMC) had signed a $180mn project finance loan which is to be used to construct a 970,000 tons/year methanol plant in Jubail Industrial City. The lead arrangers on the loan include Riyadh Bank (facility agent), Saudi British Bank, Saudi Fransi Bank and Gulf...