Kuwait's state owned Petrochemical Industries Co. (PIC) plans to borrow US$1.4 bln for an aromatics project that is part of a US$8 bln petrochemical complex in Shuaiba. Part of the loan would be sharia-compliant- the 14-year loan includes a US$347 million Islamic component.
The US$8 billion petrochemical complex in Shuaiba is being developed by companies including a joint-venture with Dow Chemical Co.
16-Jul-07 
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