Saudi Arabia’s National Industrialisation Company (NIC-Tasnee) has agreed terms for the refinancing of about $1.6 billion of loans to its Cristal titanium dioxide unit in Yanbu, Bloomberg reported today. They include a maturity of three-five years and interest at 2.75…
Category: Petrochemicals
Swiss win Iran petchems job
Sadaf Petrochemical Assaluyeh Company has awarded Welding Engineers of Switzerland a contract for construction, installation and operations at its complex in southern Iran, Irna newsagency has reported. Irna said it was the first contract signed in the petchems sector with…
Societe Generale to advise Tahrir Petchems
For full coverage of Middle East business, see MEED Egypt’s Tahrir Petrochemicals Corporation has mandated Societe General as financial advisor to the $5.9bn Tahrir Petrochemicals project. It will be Egypt’s largest petrochemicals complex once it is completed and will comprise…
Sabic to build joint venture petchems in China
For full coverage of Middle East business, see MEED Saudi Basic Industries Corporation (Sabic) said on Monday it had signed an agreement with Shenhua Ningxia Coal Industry group to build a petrochemical complex in China. Sabic said in a statement…