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Saudi Aramco and Sumitomo Chemical to lend Petro Rabigh $2 billion
Japan’s Sumitomo Chemical and Saudi Aramco will lend $2 billion to their refinery and petrochemicals joint venture as it faces a shortfall of capital due to the COVID-19 pandemic and periodic maintenance, Sumitomo said on Thursday. Sumitomo Chemical plans to provide $750 million, or 37.5 percent of the loan, to…
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Click here to read the full story: Arab News