Middle East Economic Survey

VOL. LII

No 17

27-Apr-2009

UAE

Dolphin Gas Financing Lures 23 Banks, Despite Financial Crisis

Despite the financial crisis which has severely constrained funding across the board, Dolphin Energy has bucked the trend and attracted 23 banks to its regional gas financing, MEES learns. Banks offered a total of $3bn, with the highest amount proposed by any single bank reaching $300mn, which is considerable given the current restrictions on credit supply. Dolphin has an...