ABN Amro wins GTL advisory

14 March 2003
The Netherlands' ABN Amrohas been awarded the first-phase financial advisory on the proposed gas-to-liquids (GTL) project being promoted by South Africa's Sasol and National Petrochemical Company (NPC). The work will centre on a financial feasibility study, which is expected to take about six months to complete.

NPC and Sasol in 2002 completed a pre-feasibility study for the plant, which will have capacity of up to 70,000 barrels a day (b/d) of GTL.

It is expected that the feasibility study will be converted into a full financial advisory mandate and as such there was tight competition for the position. The other main bidders were BNP Paribas, HSBC and Mizuho Financial Group (MEED 14:2:03).

Another GTL project is under development in Iran, with NPC working alongside the Royal/Dutch Shell Group and National Iranian Oil Company (NIOC). Societe Generalehas won the mandate to carry out a preliminary financial feasibility study on this project.

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