Depressed PF market regains momentum with ‘stunning’ Dolphin deal


Issue 852 - 02 May 2009 | 5 minute read

After eight months in the doldrums triggered by the global credit crisis, Middle East project finance has bounced back to life with the stunning commitment of $3bn from commercial banks to refinance the Dolphin pipeline. With liquidity still very tight, a boost was necessary to bring banks back into the international syndications market.

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