On 26 April 2016, the UK Export Finance agency announced it would provide a 157 million GBP export credit to finance the supply of capital goods and services by UK exporters for a petrochemical plant in Oman.
The project is the construction of the Liwa Plastics LLC petrochemicals plant. It has also obtained finance from export credit agencies from Germany, Italy, Netherlands and the Republic of Korea (cf. Related Measures).
A state measure in the GTA database is assessed solely in terms of theextent to which its implementation affects the extent of discriminationagainst foreign commercial interests. On this metric, this trade financeaffects the conditions of competition and foreign firms competing inthe overseas market in question.