Middle East Economic Survey

VOL. XLIX

No 48

27-Nov-2006

UAE

ADNOC Multi-Billion Corporate Loan Postponed Until Q1 07

Abu Dhabi National Oil Company (ADNOC) is not expected to formally approach banks to secure a proposed multi-billion corporate loan until the first quarter of next year, MEES understands. Originally, ADNOC had planned to come to the market in August, but then the timetable slipped due to further discussions over the term loans extent. Initial discussions suggested it would range from...