
Saudi Aramco extends $10 bln loan on improved terms, sources say
Reuters DUBAI – Saudi Arabian oil giant Aramco 2222.SE has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia’s financing needs in an era of lower oil prices.