VOL. XL

No. 48

1-December-1997

GCC

Apicorp Says Investment In GCC Petroleum/Petrochemical Projects In 1997-2002 WillNeed $34Bn

Upstream petroleum and petrochemical projects in the Gulf Cooperation Council (GCC)member states over the period 1997-2002 will require an estimated investment of $34.1bn,according to projections by Mr. Basil al-Hini of Apicorp's Project and Trade Financepresented in a paper last month at a petrochemicals and fertilizers conference held inKuwait. Saudi Arabia alone will...