Middle East Economic Survey
Satorp Receives $13.5Bn In Commitments For $8.5Bn Project Finance Deal
The Saudi Aramco Total Refining and Petrochemical Company (Satorp) 400,000 b/d refinery project was well received by a diverse group of local, regional and international banks, which offered commitments of over $13.5bn, said the two sponsors. Saudi Aramco owns 62.5% of the venture, with 37.5% held by Frances Total. The list (see below) of the 30-plus lenders...