RAPID starts to draw down debt

In:

Oil & gas

Region:

Asia-Pacific

By Sean Keating

Petronas and Saudi Aramco are approaching financial close on the final tranche of a $9.5 billion 18-year debt package for their $15.3 billion Pengerang Refining and Petrochemical Integrated Development (RAPID) joint venture (of which the refinery and steam cracker complex, and C2/C3 polymers...

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