Middle East Economic Survey

VOL. XLVIII

No 19

9-May-2005

OMAN

Financing Agreement Signed For Omans Sohar Fertilizer Project

The financing agreement for Omans Sohar fertilizer project, which is being developed by Sohar International Urea & Chemical Industries (SIUCI), was signed in Muscat on 27 April. The deal for the ammonia/urea complex is unusual because it is a project financing, but all of the debt is provided by, or covered by, export credit agencies (ECAs). The total project cost is...