subject: Financial support made by Oil and Natural Gas Companies [print this page] Kexim bank has provided large loans for the construction of oil refineries in the Saudi Arabia and a couple of power plants it taking place currently. Heung-Sik Min declared that, the recent United Arab Emirates nuclear project will be an unprecedented huge investment gave by the bank, and he mentioned that after they pick out the financial advisers they will embark on the financial funds. The official said that many local major banks participated in the syndication because Kexim is a state-run bank with sound credit ratings, and the loan's interest rate is relatively good.The Knowledge Economy declared by the South Korean Ministry revealed that, the Korean constructors may win laurels from foreign contracts thisyear for the nation and there is rising demand for power plants and the refineries in the regions of South Korea.
South Korea expects to deliver around $10 billion for the nuclear plant development in the United Arab Emirates and it doubled its financial investment for the development of the construction projects taking place in the Middle East. The Chief Executive of the Korean Export-Import Bank in Dubai declared that, the bank is looking forward to lend a lions share of money to the Korea Electric Power Corp. and the dealers should adopt this money for the construction of four 1,400-megawatt powered atomic stations in the United Arab Emirates. The Kexim, a state-owned bank, planned to furnish credit loans around $9.4 billion for the Korean companies and other multinational companies across the world for the development of the infrastructure and energy projects in the Middle East.
National Petroleum Construction Co., is an oil serving company managed by the Government of Abu Dhabi, is recently hiring management advisor, the National Petroleum Construction Co. are hiring these consultants to excavate the opportunities in the Central Asia and Western parts of Africa. Aqeel Madhi, the Chief Executive Officer of National Petroleum Construction Co. in Abu Dhabi declared that, they are examining Ghana, Nigeria and Angola in the West Africa and Turkmenistan and Kazakhstan in the central parts of Asia. He also mentioned that, billions of money is invested in these regions and have constructed a shipyard and services for the local market and the National Petroleum Construction Co. will be joining hand with other companies under the state government, to expand their empire. Ahmed al- Ateeqi to monitor the $400 million novel anchor-handling vessel sited in China developed by the National Petroleum Construction Company International Petroleum Investment Co. and the Mubadala Development Co. have spent the energy revenue of the United Arab Emirates, on the abroad assets, that contains the stakes of the General Electric Co. and other oil refineries and various exploration projects.
Financial support made by Oil and Natural Gas Companies
