Three banks have been shortlisted for the financial advisory role on the proposed Sohar-Muscat pipeline. They are Arab Petroleum Investments Corporation (Apicorp), ANZ Investment Bankand BNP Paribas.
'All the bidders will have been seen by the end of August and with the holiday season coming to a close there is no reason why a mandate should not be awarded during the last two weeks of September,' says one of the bidders.
The banks are bidding with legal partners: Allen & Overyis with Apicorp, and Denton Wilde Sapteis with ANZ.
The project will see the construction of a 260-kilometre-long, 24-inch-diameter mixed feedstock pipeline between Mina al-Fahal and Sohar (MEED 18:7:03).
The pipeline will have capacity to transport up to 116,000 barrels a day of mixed feedstock for the proposed Sohar refinery. The estimated $140 million project also includes the construction of a pressure reduction terminal.
Oman ILF & Partners Oman, a subsidiary of Germany's ILF & Partners, was awarded in late April the front-end engineering and design (FEED) contract (MEED 2:5:03, Oil & Gas).
The client is Oman Refinery Company.
You might also like...
Ajban financial close expected by third quarter
23 April 2024
TotalEnergies awards Marsa LNG contracts
23 April 2024
Neom tenders Oxagon health centre contract
23 April 2024
Neom hydro project moves to prequalification
23 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
