Middle East Economic Survey

VOL. XLVIII

No 14

4-April-2005

OMAN

Omans Qalhat LNG Signs $688Mn Loan Agreement

Omans Qalhat LNG, on 30 March as expected, formally signed an agreement with 13 banks for a $688mn loan for its third liquefaction train after six more banks joined the seven mandated lead arrangers (see MEES, 28 March for a full list of banks). Shaikh al-Fadhl bin Muhammad al-Harthi, Chairman of Qalhat LNG Company (and also Development Affairs Undersecretary at the National Economy...