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Source: www.gulfoilandgas.com 3/20/2011, Location: Middle East
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Saudi Kayan announces that it has signed two billions Saudi Riyal murabaha facility agreement with Banque Saudi Fransi with a tenor up to ten years to fund part of the construction cost overruns of its complex in Jubail industrial city which was declared in the capital market on 25/7/2010. It is worth mentioning that this loan is guaranteed by SABIC, the main shareholder of the company.
The agreement was signed by Mr. Mutlaq Al-Morished, Saudi Kayans chairman and Mr. Saad Ur-Rehman, Banque Saudi Fransi group general manager, head of structured finance division.
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| Oil Market Highlights - May 13 |
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Austria >> 5/12/2013 - The OPEC Reference Basket dropped for the second-consecutive month in April, declining by
$5.39 or more than 5% to stand at $101.05/b. Year-to-date, ...
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| World Oil Supply - May 13 |
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Austria >> 5/12/2013 - Non-OPEC
Estimate for 2012
Non-OPEC oil production is estimated to have averaged 52.98 mb/d in 2012, indicating
an increase o...
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| Balance of Supply and Demand - May 13 |
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Austria >> 5/12/2013 - Estimate for 2012
Demand for OPEC crude for 2012 has been revised up by 0.1 mb/d to stand at
30.2 mb/d. This was due to the downward revi...
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