VOL. XLVI

No 12

24-March-2003

OMAN

Equity Distribution In OLNGs Third Train Under Discussion

MEES learns that the Oman government, Oman LNG (OLNG) and Spains Union Fenosa are discussing the equity distribution in OLNGs third train with the suggestion being the government should hold a 52% stake, while OLNG would take 40% and Union Fenosa 8%. In January, Chiyoda Corporation of Japan announced that, in partnership with Foster Wheeler of the US, it had been awarded an engineering, procurement and...