Middle East Economic Survey


No 31


Dolphin Completes $4Bn Financing As Invest-ors Snap Up Bonds

The Dolphin regional project that delivers 2bn cfd of gas from Qatars North Field to customers in Abu Dhabi, Dubai and Oman, has been successfully refinanced, reaching financial close on 27 July, as investors snapped up its bond issue. The bond component, representing the final phase of a $4bn multi-tranche financing, was hiked to $1.25bn from an expected $500mn-$1bn after it came in...