VOL. XLVI

No 51/52

22/29-December-2003

ENERGY FINANCE

Sohar Refinery Signs Loan After Successful Syndication

The Government of Oman signed agreements in Muscat on 15 December to receive a loan for its Sohar refinery project and on 16 December banks signed documentation in London. Financial close and the subsequent draw down of the funds is expected mid to late January. The signing follows an extremely successful syndication which saw an unprecedented 27 banks join the original 10 mandated lead...