Gasco in talks for Saudi loan

Saudi Arabia’s National Gas and Industrialisation Co (Gasco) is negotiating a SR203m ($54m) loan from the state-run Saudi Industrial Development Fund.

  • 02 Oct 2012

The loan will be repaid over seven years in six month instalments, starting in 2015. The loan is expected to sign soon, Gasco said in a statement on the Saudi stock exchange.

Proceeds will finance half of an expansion project to purchase tankers, trucks and upgrade the firm’s gas ...

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