Dow's $20B Saudi Petrochem Plant Seeks $100M Ex-Im Loan

Law360, New York (August 17, 2012, 4:46 PM EDT) -- Contractors working to build a $20 billion petrochemical plant for Dow Chemical Co. and Saudi Arabian Oil Co. — the biggest single-phase project in history — have applied for a loan of more than $100 million from the U.S. Export-Import Bank, the bank said Friday.

Ex-Im said it has received a loan application from Fluor Corp., Foster Wheeler AG, KBR Inc. and Jacobs Engineering Group Inc. to support design and construction of the Sadara Petrochemical Co. plant, a complex on the country's Arabian Gulf coast that...
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