VOL. XLVI

No 11

17-March-2003

OMAN

Oman Seeking Lead Arrangers For Sohar Refinery Project

The Omani Government is seeking lead arrangers for its Sohar refinery project and financial advisor Bank of America has sent out a preliminary information memorandum (PIM) to key banks, MEES understands (MEES, 3 December 2001). The total project cost is $1.24bn, with $124mn being financed from equity, $261mn being provided by the Japan Bank for International Cooperation (JBIC) and the remaining $855mn being...