VOL. XLVI

No 40

06-October-2003

OMAN

ENERGY FINANCE

Oman Polypropylene Awards Structuring Bank Role To Apicorp

Oman Polypropylene (OPP) has mandated OAPEC-sponsored Apicorp as the structuring bank to develop a structure for the financing of its proposed new polypropylene plant. The debt for the project, located in Sohar, is expected to be in the range of $170mn. OPP originally asked for advisory bids but then determined it would prefer the bank to structure the deal, provide underwriting services...