Oil & Gas

The US$ 120 Million Loan Agreement for Financing the Bahrain Lube Base Oil Company

Title

The US$ 120 Million Loan Agreement for Financing the Bahrain Lube Base Oil Company


Date

12 October 2009


Type

Agreement


Partners Involved

The Oil and Gas Holding Company and Ahli United Bank


Purpose

To finance the Holding Company's share of the Bahrain Lube Base Oil Company project, which amounts to 27.5%.

Goals

Stimulating the economic and investment development.

Contributing to the creation of fresh employment opportunities.


Reconfirm the Kingdom's sound financial and economic performance and its resistance in the light of the global financial meltdown.

More Information

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