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...
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