| Saudi Aramco Total Refining and Petrochemicals Company says it has raised $1 billion for its 400,000 barrel per day refinery project by selling an Islamic bond. Satrop said in a statement Sunday the bond, or sukuk, was 3.5 times oversubscribed and matures in about 14 years.
Satrop is owned by Saudi Aramco and France’s Total S.A. State-owned Aramco is the kingdom’s main oil producer. Aramco and Total are building a 400,000 barrel per day refining complex in Jubail in the east of the kingdom. .............................................Full Article: Source
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