Middle East Economic Survey
VOL. XLVII
No 23
07-June-2004
OMAN
ENERGY FINANCE
Oman Polypropylene Signs $240Mn Financing Facility
The Omani Government on 31 May signed the $240mn deal concluded earlier in the month (MEES, 24 May) to finance the construction of a new polypropylene plant in the Sohar Industrial Area. The financing is being undertaken by Arab Banking Corporation (ABC), Arab Petroleum Investment Corporation (APICORP), HSBC and BNP Paribas and has a tenor of 10 years post-construction....
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