Middle East Economic Survey
Oryx GTL To Prepay Debt, Operating At 95% Of Full Output Rate
The sponsors of Qatars Oryx gas-to-liquids (GTL) project, Qatar Petroleum (QP) and South Africas Sasol Synfuels, have decided to prepay their debt, MEES understands. The financing was in the process of being restructured through an adjustment of completion conditions as a result of teething problems that had prevented it from operating at full rates. This would have brought the...