VOL. XXXIX

No. 51

16-September-1996

OMAN

Oman LNG Hits Financing Snags As KGC Board Approves Draft SPA

Oman LNG and its bankers have run into what are being described as routine delays lining up a $2.25bn syndicated loan to finance construction of the downstream portion of the 6.6mn ton/year liquefied natural gas (LNG) project. Financial institutions involved in the project had hoped to submit an unconditional letter of commitment for the loan by 30 September, but this timetable now...