Friday, September 07, 2007

Partners raise US$4 bln finance for Fujian Refining & Petrochemical Co

The three partners in Fujian Refining and Petrochemical Co - Exxon, Sinopec and Saudi Arabian Oil, also known as Aramco have raised CNY30 bln (US$4 bln) in funding - representing the largest-ever project financing for a Sino-foreign joint venture in China. Funding was provided by a group of 11 Chinese banks plus Sinopec's finance arm.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10811&P=P

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