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Saudi Arabia Lends $1.3bn to Satorp Refinery

Source: Bloomberg 10/25/2010, Location: Middle East

Saudi Arabia’s Public Investment Fund gave a $1.3 billion loan to Saudi Aramco Total Refinery & Petrochemical Co., known as Satorp, to finance part of its 400,000 barrels-a-day Jubail refinery, the Saudi Press Agency reported.

Saudi Aramco has a 62.5 percent stake in the $5.1 billion joint venture with Total SA, which owns 37.5 percent, SPA said.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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