VOL. XL
No. 38
22-September-1997
SAUDI ARABIA
Al-Razi And JEXIM Sign $175Mn Loan Agreement For Methanol Project
The Saudi Methanol Company (al-Razi) and the Export-Import Bank of Japan (JEXIM)on14 September signed a $175mn loan agreement to help finance the construction of al-Razi'sfourth methanol plant with a capacity of 850,000 tons/year. Al-Razi's two plants currentlyproduce 1.4mn t/y of methanol and the third plant, also with a capacity of 850,000 t/y, isdue to come on stream this year....
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