NO. 37


Financial and Banking News

Regional Financing

Barclays Arranges $25mn to Fund Development of Oman's Bukha Field

Barclays Bank has arranged a $25mn loan for International PetroleumCorporation (IPC) to fund the corporation's 47 1/4% interest in the developmentof the Bukha Field in Oman (for details of the project see Section A). The totalproject cost is $60mn. Transworld Oil has a 50% share and Cluff Petroleum has 23/4%. IPC is operating through its wholly-owned...