Saudi Aramco reportedly is seeking to raise $12.5B in debt to help finance its joint venture...

|By:, SA News Editor

Saudi Aramco reportedly is seeking to raise $12.5B in debt to help finance its joint venture with Dow Chemical (DOW). The state-owned oil giant has sent an information memorandum to local and international banks detailing the $20B project due to be completed in 2016 which will produce 3M-plus metric tons/year of petrochemicals.