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Saudi refinery finance complete in Jan - Total

Posted on 20 November 2009

From Reuters: The financing of a $12.8 million new oil refinery in Saudi Arabia, a joint venture between state run Saudi Aramco and French Total will be completed early next year, a senior Total official said on Wednesday.

The Jubail oil refinery will be funded through 65 percent debt and 35 percent equity. The total financing is expected to be $8 billion……………………..Full Article: Source

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