Towards the end of June, lenders agreed to the Gulf's largest project financing deal of the year, a $8.5bn funding package for Saudi Aramco Total Refinery and Petrochemical Company's (Satorp) greenfield refining and petrochemical project at Jubail in Saudi Arabia's Eastern Province.
The deal is in the classic mould of multi-sourced transactions seen in the Gulf in recent years, bringing together export credit agencies, international banks, Islamic financiers and public investment funds.
