VOL. XXXIX

No. 48

26-August-1996

OMAN

Oman Signs $1.4Bn Financing Agreement For Upstream Part Of LNG Project

An agreement was signed earlier this month between the Omani Government and its three foreign partners in Petroleum Development Oman (PDO) - Shell, Total and Partex - which incorporates the principles for financing and operating the upstream part of the Omani LNG project estimated to cost some $1.4bn. The agreement was signed by the Minister of National Economy and Vice President...