Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Arab Petroleum Signs Loan for U.A.E. Oil Terminal in Fujairah

Dec. 19 (Bloomberg) -- Arab Petroleum Investments Corp., a development bank owned by 10 Arab oil-producing nations, and National Bank of Fujairah PSC agreed to lend the first tranche of a $110 million loan to Socar Aurora Fujairah Terminal.

The debt was worth $61 million, according to an e-mailed statement from Arab Petroleum. The project is a joint venture between State Oil Co. of Azerbaijan, Swiss commodity trader Aurora Progress SA, and the Fujairah government. The United Arab Emirates has a 17 percent stake in Arab Petroleum.

To contact the reporter on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.