Middle East Economic Survey

VOL. L

No 13

26-Mar-2007

EGYPT

SEGAS To Issue Financing Information Package In Coming Weeks

Spanish Egyptian Gas Company (SEGAS) is now scheduled to issue the information package on its financing in the first half of April, having originally planned to approach the bank market for funds in March, MEES understands. SEGAS is seeking to replace debt (which includes a bridge loan) for its Damietta LNG project with a project financing worth around $1bn (MEES, 29 January). Of...