VOL. XXXVI
NO. 36
7-JUNE-1993
OMAN
Finance For Caltex/Oman Refinery In Thailand
The Star Petroleum Refining Company (SPRC) has already raised a total of$750mn towards the $1.85bn cost of its projected 130,000 b/d refinery inThailand, and is negotiating with banks for a further $540mn. SPRC is a jointventure between Caltex (64%) and the Petroleum Authority of Thailand (PTT -36%), but Caltex subsequently split its 64% share with Oman via the creation ofa new firm - the Bermuda registered CXO - owned...
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