VOL. XLVII

No 03

19-January-2004

ENERGY FINANCE

Banks See Growing Need For Petrochemical Project Financing This Year

There is a growing need for petrochemical project funding in the Middle East, especially in countries which can provide an inexpensive feedstock of gas, and a number of these projects are expected to tap the bank market this year, MEES soundings indicate. But there are concerns that banks will have insufficient capacity to meet all these needs, especially given that they will have...