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Despite downgrading its position on Saudi Arabia in September, according to a November posting, Canada's @ExportDevCanada is considering financing a Saudi-Malaysian refinery and petrochemical joint venture
@wicary @paulvieira @rachaiello @CarmichaelKevin
@wicary @paulvieira @rachaiello @CarmichaelKevin
Amazing that this somehow has gone unreported to date: literally 3 days before @cafreeland's initial rift-causing tweet in August, @ExportDevCanada signed off on $100-200 million in financing for Saudi Arabia's 'G3 Canada' (former CWB) projects
@ericatkins2, @AmandaMsteph
@ericatkins2, @AmandaMsteph
It's also striking how the EDC signed a deal to finance Canadian company Cougar Drilling Solutions $5-15 million toward "Support for CDN direct investment abroad" on August 16th, nearly two weeks after the rift w/Saudi began
@ProbeIntl
@ProbeIntl
It turns out that Canada's @ExportDevCanada signed off on at least two more guarantees (<$1 million) for Canadian companies (w/CDN banks @RBC & @TD_Canada as counterparty) selling health/pharma-related services to Saudi Arabia, months *after* the diplomatic rift erupted
