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Yansab Gets SR4 Billion PIF Loan 2 Jeddah
tons of butane Published in Saudi Press Agency on 17 - 01 - 2006


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The PIF board also approved a loan of SR1.8 billion to Eastern Petrochemicals Company (Sharq) to finance its third expansion project, which is estimated to cost SR13.9 billion. The National Chemical Transport Company also received a loan of SR436 million to finance the building of a fleet of 13 ships.
Finance Minister and Chairman of PIF Ibrahim Al-Assaf said the board approved the new loans to encourage establishment of strategic petrochemical complexes, adding that the new projects would create more jobs for Saudis.

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