VOL. XXXIX

No. 41

8-July-1996

GCC

Apicorp Looks At Project Financing In The Gulf To 2000

A major regional banking institution has estimated that$15bn of debt finance will be required bythe membersstates of the Gulf Cooperation Council (GCC) in order tomeet their oil and gas development plans to 2000.In apresentation given at an oil and gas conference recentlyheld in Dubai*, Mr. Iain Winters of Arab Petroleum Investments Corporation (Apicorp), which is owned by the memberstates of the Organization...