The Islamic Development Bank (IDB) is to disburse a loan of US $150 million out of the total of US$ 600 million, for the development of Rabigh Refinery and Petrochemical Project, proposed to include a high olefins yield fluid catalyst cracker complex with a capacity of 92,000 bpd and a fully integrated Ethane based cracker and to be developed on the site of the existing refinery.
PETRORabigh is a Mandated Lead Arranger of the Islamic tranche of the facility. The financing aims at the development and diversification of the Rabigh site into a leading global refinery and petrochemical complex and industrial city, with an objective to attract foreign investment in oil and gas sector, broaden feedstock base, license proprietary technologies to the world class project and enhance global competitive position.
14-Apr-06 
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