VOL. XL

No. 46

17-November-1997

OMAN

GIB Lends Oman LNG $100Mn

Bahrain-based Gulf International Bank (GIB) said on 13 November that it had agreed toextend a short-term $100mn facility to Oman LNG "as an insurance policy"foreshadowing the signing of the $2bn commercial loan package for Oman LNG on 15 November.The pricing and tenor of the loan were not disclosed in the statement released by GIB, butone banker described the package as "a gift" and estimated the tenor at aroundnine months. GIB is...