Duqm Refinery wins MENA Downstream Oil & Gas deal of the year!

Muscat: Duqm Refinery recently won the IJ Global Awards as MENA Downstream Oil & Gas Deal of the Year.

This award comes in recognition of the 4.6 billion USD Financial Close milestone achieved by the project last year. The Award ceremony was held in Dubai, UAE last week and was attended by senior officials from the Duqm Refinery including Mr. Imad Al Hadlaq (Deputy CEO),Mr. Jacobus Neiwenhuijze (Project Director) and Mr. Mubarak Al Naamani (Chief Financial Officer).

The IJ Global Awards celebrate the best-in-class transactions to have closed over the past calendar year, across the international infrastructure and energy sectors, while recognizing the organizations that play central roles in these deals.

Crédit Agricole Corporate and Investment Bank, KfW IPEX-Bank, Société Générale, Sumitomo Mitsui Banking Corporation, Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas, Banco Santander, ICBC, Natixis, Standard Chartered Bank, Korea Development Bank, Commercial Bank of Kuwait are just a few of the international banks providing facilities to the Duqm Refinery project.

Whereas Bank Sohar, Bank Muscat, Ahli Bank and National Bank of Oman are some of the local banks have committed facilities to the project.

The facilities comprises of International Commercial Facility, Onshore Commercial Facility, Islamic Facility, UKEF Covered Facility, CESCE Covered Facility, K-EXIM Covered facility, and K-EXIM Direct Facility.

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