The loan to the Sadara Chemical Company, a joint venture between Dow Chemical Co and Saudi Arabian Oil Co, is the biggest in the bank's history and "will support more than 18,000 American jobs across 13 states".
Friday, September 28, 2012
Big$$: 5 billion loan for Saudi/Dow petrochemical site
The U.S. Export-Import Bank has approved a record-breaking $4.975 billion direct loan to build a petrochemical complex in Saudi Arabia.
The loan to the Sadara Chemical Company, a joint venture between Dow Chemical Co and Saudi Arabian Oil Co, is the biggest in the bank's history and "will support more than 18,000 American jobs across 13 states".
The loan to the Sadara Chemical Company, a joint venture between Dow Chemical Co and Saudi Arabian Oil Co, is the biggest in the bank's history and "will support more than 18,000 American jobs across 13 states".
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