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...