NO. 29


Financial and Banking News

Regional Financing

Oman Petrochemicals Venture Starts To Take Shape

Details are starting to emerge about Oman's proposed new petrochemical jointventure with Indian firms which will produce ammonia and urea. The total projectcost will be about $860mn, of which $260mn will be subscribed as equity. Sixtyper cent of this will come from the founders, with the remainder being raised ina public subscription. The founders are the Oman Oil Company...