NO. 46


Financial and Banking News

Capital Markets

Luberef Signs $125Mn Loan

The Petromin Lubricating Oil Refinery Company (Luberef) owned 70% by SaudiArabia's Petromin (whose interests were taken over by Saudi Aramco in July 1993)and 30% by Mobil Oil on 27 July signed the $125mn loan which was arranged byEmirates Bank International (MEES, 27 March). The 8.5year loan will helpfinance part of the cost of a new 2mn barrel/year lube oil refinery at Yanbu',known as Luberef...