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SATORP Completes Project Financing for Jubail Refinery
2010 Published in Saudi Press Agency on 26 - 06 - 2010

Saudi Aramco Total Refining and Petrochemical Company (SATORP), has signed the finance documents for US$8.5 billion of senior project finance facilities that have been secured for the Jubail refinery.
The Company is 62.5% owned by Saudi Aramco and 37.5% owned by TOTAL. The finance documents were signed on June 24, 2010, according to a latest report carried by Saudi Aramco's web-site.
The availability of the financing marks another important step in the progress of this 400,000 barrel per day world-class, full conversion refinery in Jubail, Saudi Arabia, which is scheduled to be operational in 2013.
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