China Exim Bank to Provide Loan for Cambodian Petrochemical
BEIJING, Oct 18, 2013 (SinoCast Daily Business Beat via COMTEX) --
Export-Import Bank of China (China Exim Bank) has entered into an agreement to provide a loan of USD 1.67 billion for Cambodian Petrochemical Company to build an oil refinery.
Cambodian Petrochemical Company was licensed at the end of last year to build a 5 million-ton-a-year refinery to make petroleum products for sales at home and abroad.
Cambodian Petrochemical signed a MOU with some Chinese companies this April for an oil refinery that is expected to come into operation in 2018.
Source: www.xinhuanet.com (October 18, 2013)
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