Long-Term Loans and Financing for Oil and Gas Refinery Construction
Long-Term Loans and Financing for Oil and Gas Refinery Construction History has it that refinery and petrochemical complex at Jubail will convert heavy crude into 400,000 barrels a day of higher-value refined products such as diesel and jet fuels. It will also produce a range of petrochemicals. Long- term loans and financing for oil and gas refinery construction was completed in the first quarter of 2012 in Saudi at about $8.5bn with came from multiple sources . — $4bn from international export credit agencies and Saudi Arabia’s Public Investment Fund, and $4.49bn from commercial banks, according to industry newsletters. In order to obtain financial resources for the development of oil production, transportation and refining, it is extremely important for management to understand the principles of the capital market, financial mechanisms and available options applicable to the hydrocarbon industry. Currently, project finance for the construction of refineries and long...