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petrochemicalReuters
•80% Informative
Saudi Aramco has agreed to buy from Japan 's Sumitomo Chemical a 22.5% stake in their petrochemical joint venture Petro Rabigh .
Under the deal, Aramco will each provide $702 million in funding and waive loans worth a total $1.5 billion .
The deal shrinks Japan 's stake in the joint venture to 15% while increasing Aramco 's share to 60% .
VR Score
90
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96
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61
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English
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59
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