Middle East Economic Survey

VOL. LII

No 9

2-Mar-2009

QATAR

Oryx GTL Financing Sees Adjustment Of Completion Conditions

The financing for Qatars Oryx gas-to-liquids (GTL) project is being restructured through an adjustment of the completion conditions as a result of teething problems that have prevented it from operating at full rates, MEES learns. The $600mn debt is being brought down to $400mn immediately with a further pre-payment of another $200mn which brings the total down to $200mn at the...