VOL. XLV

No 40

7-October-2002

SAUDI ARABIA

PIF ToLend $360Mn For Expansion Of Jubail Chevron PhillipsAromatics Plant

Saudi Arabias Public Investment Fund (PIF)announced on 29 September that it had agreed to provide a SR1.35bn ($360mn)loan to the Jubail Chevron Phillips Company a jointventure between Chevron Phillips Chemical Company (CPChem)and the Saudi Industrial Investment Group (SIIG). The loan will be used to financea $1bn petrochemical expansion project for the joint ventures aromatics...