Middle East Economic Survey

VOL. XLVIII

No 20

16-May-2005

MEES Agenda

Equator Principles Become Accepted Gulf Project Finance Standard

The Equator Principles (EP) are rapidly becoming a de facto standard for oil and gas project finance both in the Gulf and worldwide, as the number of adopting banks has virtually tripled. Proponents of the EP say they herald a new era of responsibility by banks, ensuring that projects seeking financing will adopt the highest environmental standards. Detractors...