Oman Oil Agrees on Financing for Methanol Plant

Oman Oil Co. says it has completed financial arrangements for a previously announced methanol complex planned by Salalah Methanol Co., a wholly owned subsidiary of Oman Oil, at Salalah, Oman (CW, March 21, p. 24). A group of lenders, including local, regional, and international commercial banks will provide loans covering 65% of the OR350-million ($909 million) project, which, in addition to the 1-million m.t./year methanol plant, includes a power generation plant, a water desalination unit, and seawater intake and supply facilities. The rest is being financed...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers