Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Oman

Oman Shipping Company Secures $240Mn Loan for LNG Carriers

Oman Shipping Company (OSC) signed an agreement at the end of June for a $240mn loan which will be used to construct two LNG carriers, Salalah and Ibra. Société Générale acted as the financial advisor and mandated lead arranger and BNP Paribas was the other mandated lead arranger on the deal. Syndication of the loan, which has a 12-year tenor post-delivery, is expected to close...