Business Services Industry

UAE: SIGNING AGREEMENT TO FUND DOLPHIN PROJECT.

IPR Strategic Business Information Database, September, 2005

Al-Quds newspaper quoted a notice published in early September 2005 by the Dolphin Energy Company announcing the signing of a contract to fund the Dolphin project to transfer liquid natural gas from Qatar to the Emirates. The contract was signed with fourteen banks and includes a $3.5 million loan to carry out the project.

The main banks involved are Citi Group, the Dubai Islamic Bank, the Gulf International Bank, Bariba Bank, and the Ibn Amro Bank.

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