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.
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Friday, September 07, 2007
Partners raise US$4 bln finance for Fujian Refining & Petrochemical Co
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