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Middle East Project Finance - Part 6C - Saudi Aramco Overseas Investments
From:
APS Review Downstream Trends
| Date:
May 23, 1994
| COPYRIGHT 1994 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Saudi Aramco is to have a major downstream presence worldwide by the year 2000. Over the years it has forged refining and distribution or storage partnerships in the US, Europe and Asia. The emphasis now is on South-East Asia. Financing comes from the company's capital allocations, profits generated by its overseas ventures and from loans arranged by J P Morgan.
Saudi Aramco's integration with global markets began in 1988 with its 50-50 venture with Texaco, called Star Enter...
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