Middle East Economic Survey
VOL. XLVIII
No 10
7-March-2005
OMAN
IFC Lends $40Mn To Omans Daleel Petroleum For Block 5 Development
The International Finance Corporation (IFC), the private sector arm of the World Bank (WB), announced on 2 March that it had agreed to provide $40mn in long-term corporate financing to Daleel Petroleum which explores for and produces oil in Block 5 of northwest Oman. Daleel Petroleum is a 50:50 joint venture between China National Petroleum Corporation (CNPC) subsidiary...
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