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...
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