Company plans to double investment in petrochemical projects
Ahmad al-Nuaimi, chief executive of Arab Petroluem Investments Corp, an energy investment unit of the Organisation of Arab Petroleum Exporting Countries (OAPEC), has said the company plans to launch its first bond sale as it raises funds to double investment in petrochemical projects, Bloomberg has reported. The bond will be issued after an investors’ road-show that runs until October 6, al-Nuaimi said, without revealing the size and pricing of the offering. The company is looking at several investment opportunities that are either at an early conceptual stage or at an advanced feasibility stage.
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