Japans Nippon Export and Investment Insurance (NEXI) plans to offer US$ 2.2 billion of trade insurance to PetroRabigh, stablished by Sumitomo Chemical Co. and Saudi Aramco. It plans to offer the coverage for a maximum of 10 years and will mark the largest amount of trade insurance since such coverage was introduced to Japan in 1950.
As oil prices continue to soar, the project is expected to be highly profitable due to the stable supply of competitive raw material provided by Saudi Aramco and its advantage of scale.
21-Mar-06 
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