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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Saudi lends Satorp $1.3 bln to finance Refinery, SPA Says

Posted on 26 October 2010

From Bloomberg: 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…………………………………….Full Article: Source


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