#Saudi Aramco seeks project finance loan of more than $1 billion: sources - Reuters

Saudi Aramco seeks project finance loan of more than $1 billion: sources - Reuters:

Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1 billion, two sources with direct knowledge of the matter said.

The state oil company’s request for proposals (RFPs) was sent this week, one of the sources said.

It was not immediately clear from the RFP the specific nature of the projects the funds will be used for, the sources said.