Middle East Economic Survey

VOL. XLVII

No 33

16-August-2004

ENERGY FINANCE

Financing For ELAB Agreed

Egyptian Linear Alkyl Benzene (ELAB) and al-Ahli Egyptian Bank on 9 August signed an agreement under which the latter has arranged $130mn of finance for the development of the new plant in Alexandria to produce 80,000 t/y of LAB, which is used as the basic material for producing detergents (MEES, 19 July). The $196mn plant will use 263,000 t/y of kerosene and 27,000 t/y of benzene feedstock mainly...