Middle East Economic Survey
VOL. LIII
No 16
19-April-2010
SAUDI ARABIA
Yanbu' Refinery Financing Oversubscribed, Jubail Nears Close
The financing for the Saudi Aramco/ConocoPhillips 400,000 b/d export refinery, based in Yanbu', is proceeding well, and MEES soundings indicate that like its sister project it will be oversubscribed. The two partners approached lenders seeking $7.7bn of funding earlier this year, with the funding request made ahead of the 400,000 b/d refinery in Jubail completing its...
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