VOL. XXXVII

NO. 45

8-AUGUST-1994

Financial and Banking News

Regional Financing

Major Forthcoming Projects in Kuwait

PIC/Union Carbide Petrochemicals joint venture: The total project cost willbe about $2bn, of which about $1.1bn will be raised as a loan. The plant willhave three basic units, producing ethylene, ethylene glycol and polypropylene.The company's financial advisors are expected to approach the market for theloan in September (MEES, 18 July).

New Polypropylene Plant for PIC: This is...