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Exclusive-China’s banks lend to Saudi gas project while its funds sit out of BlackRock-led deal, sources say

By Hadeel Al Sayegh DUBAI (Reuters) -China’s biggest state banks are lending billions to Aramco’s Jafurah gas project, though its funds have passed on the opportunity to invest in the venture, three people familiar with the matter said. Chinese banks provided more than a third of the financing for what will potentially be the biggest shale gas project outside of the U.S., with Bank of China, ICBC and China Construction Bank each lending about 1billionandAgriculturalBankofChinaaround1 billion and Agricultural Bank of China around 750 million, ...