SAUDI ARABIA

 

Financing For $20Bn Sadara Petrochemical Project Moving Ahead

The financing for the $20bn Sadara 3mn tons/year integrated petrochemical project is progressing and the next phase of the funding is expected to kick off at the end of this month when the preliminary information memorandum (PIM) is sent out to banks, MEES understands. Sadara sponsors Saudi Aramco and the US’s Dow Chemical had first focused their attentions on the portion of the...