VOL. XLIII

No. 21

22 May 2000

UAE

Abu Dhabis Borouge May Seek Commercial Finance

Abu Dhabi Polymers Company (known as Borouge in Arabic), a joint venture between the Abu Dhabi National Oil Company (ADNOC 60%) and Denmarks Borealis (40%), is currently evaluating financing options, including commercial finance, for its petrochemicals complex in Ruwais, 250kms west of Abu Dhabi. The companys CEO, John Schrevens, confirmed to MEES on 16 May that besides the existing $360mn already secured in...