Middle East Economic Survey

VOL. LII

No 15

13-Apr-2009

REGIONAL/UAE/QATAR

Banks Step Up For Dolphin Gas Project Financing

MEES soundings indicate that the request for funds to replace a $3.45bn bridge loan which financed the regional Dolphin Energy gas projects construction has received a good response from banks. Given the global reduction in lending as a result of the credit crunch, this will undoubtedly prove welcome news, not only with Dolphins sponsors but also with the whole Gulf project...