VOL.XXXVIII

NO.28

10-April-1995

Oman

OmanSigns With Finnish-Norwegian Group For Petrochemical Complex Study

Omansigned on 3 April a letter of intent with the Finnish-Norwegian group BorealisA/S to study the

feasibilityof a $700mn joint-venture petrochemical complex in Oman, which would include agrassroots ethylene cracker and polyethylene (PE) production units. Thejoint-venture will include Borealis and some shares will be offered for publicsubscription. In an official statement to the press on...