SAUDI ARABIA: Sahara signs 3-year, SR 300-million loan
Sahara Petrochemical Co., a Saudi joint stock company, has signed a three-year, SR 300-million loan agreement with Riyadh Bank to be used as working capital.
Sahara said its objectives are to invest in industrial projects, particularly chemicals and petrochemicals, and to produce propylene, polypropylene, ethylene, polyethylene and other petrochemical and hydrocarbon-based products. It operates a complex in Jubail, Saudi Arabia.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 1 Feb 2016
(Syed Rashid Ali, Karachi, Pakistan)
Like this article? Share Now!
More news from this section
QATAR: Qapco, QU renew research agreement
Qatar Petrochemical Co. (Qapco) and Qatar University (QU) have renewed the Qapco Polymer Chair for polymer research at QU.
read moreCZECH REPUBLIC: PKN Orlen gives 'go-ahead' to construct PE facility at existing Litvinov complex
PKN Orlen, in discussing its fourth quarter 2015 financial results, said it has given the "go-ahead" to construction of a polyethylene (PE) facility at its Unipetrol subsidiary's existing complex in Litvinov, Czech Republic
read more
Write a comment on this article now