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Engineering, procurement, construction & management of crude oil refineries.

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Message: financing

financing

posted on Apr 24, 2008 05:55AM

While I hope that MF can pull it off, the money markets are in such a mess worldwide, that he may have a tough time. What he has going for him is that this deal is oil related, and that it is "Europe-adjacent". Considering that gas prices are over $8 / US gallon in many parts of Europe, the nice part of the Libya deal is the proximity to "strong demand" markets.

Hopefully, if all the "ifs" are accomplished, Khaddafi doesn't do something really stupid (he's shown he can do that) to force an embargo on Libyan trade again. That is another potential red-flag to financing. It is a strange world these days......

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