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...
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