VOL. XXXIX

No. 46

12-August-1996

SAUDI ARABIA

$160Mn Japanese Loan For Al-Razi's Methanol Plant

The Export Import Bank of Japan is to lend $160mn to the Saudi Methanol Company (Al-Razi) - a 50/50 joint venture between the Saudi Basic Industries Corporation (SABIC) and a consortium of Japanese companies led by Mitsubishi Gas Chemical Company. The loan agreement, which was signed in Tokyo on 5 August, will help finance the construction of a third methanol plant with a capacity of...