VOL. XL

No. 47

24-November-1997

OMAN

Oman LNG Signs $2Bn Loan Facility

Oman Liquefied Natural Gas Co announced on 15 November that it had signed a $2bn loanfacility with international banks and export credit agencies (ECAs) to finance thebuilding of a 6.6mn ton/year liquefied natural gas (LNG) plant in Oman. The financingpackage, which has been structured on a limited recourse basis, is comprised of fiveseparate loan facilities, with four ECA loans and one commercial loan, and was arranged by...