No. 24



Omani Bond Issue In The Offing

There has been speculation that the Omani Government and its advisers on the downstream portion, Chase Manhattan, were looking at a bond issue to cover some, if not all, of the financing costs of the Oman LNG project. project. However MEES understands that a project-specific corporate issue without the benefit of a sovereign issue to act as a benchmark is likely to prove too expensive. However, with the benefit of the...