Middle East Economic Survey

VOL. XLVIII

No 13

28-March-2005

KUWAIT

Kuwaits Olefins-2 Project Debt Put Around $2Bn

The debt component of Kuwaits Olefins-2 project is expected to be around $2bn, which is more than the originally estimated $1-1.5bn. But the exact debt level has not yet been decided and will take into account existing cash flow, MEES learns. The project, which involves the construction of a new ethylene and derivatives complex at Shuaiba, is expected to seek funding via both commercial...