Saudi Basic Industries Corporation (SABIC) and ExxonMobil are issuing a term sheet for their Kemya elastomers joint venture to the local banks this week.
An influx of foreign project debt and equity would help reverse Egypt’s downward economic spiral. But political infighting and constrained local debt markets mean that Egypt’s project finance market is going nowhere fast. By Emma Lindsay.
Cosmos Petroleum & Mining has appointed National Bank of Abu Dhabi (NBAD) as financial adviser on its $1.6 billion polysilicon manufacturing plant project in Sarawak, Borneo.
A Saudi Aramco and Dow Chemicals joint venture has closed a R7.5 billion ($2 billion) sukuk for the $20 billion Sadara petrochemicals project.