27 Jun 2012 | 03:23 pm |
International law firm Pinsent Masons has advised Emirates National Oil Company (ENOC) and its subsidiary Horizon Terminals Limited on securing a 10 year Islamic term financing facility for US$100m from Standard Chartered Bank, Emirates NBD and Noor Islamic Bank.
ENOC is the single largest supplier of jet fuel at Dubai International Airport. The company is capable of supplying more than 70 airports across the Middle East and Asia-Pacific regions. The facility finances the construction of a second 60 km jet fuel pipeline from the new bulk liquid petroleum terminal in the Jebel Ali Free Zone to Dubai International Airport, and its associated storage tank farm which has 141,000 cubic metres of capacity. The Pinsent Masons’ team was led by Amir Ahmad, assisted by Mehdi Ali.
Commenting on the deal Sachin Kerur Head of Pinsent Masons' Dubai Office said: “We are delighted to have advised ENOC on this strategic transaction. The deal demonstrates our continued support of ENOC and other companies at the forefront of Dubai's development. The deal showcases the breadth of our offering for major energy players in the Gulf and the wider region.”
Multinational law firm Pinsent Masons is advising leading UK independent exploration & production company Ithaca Energy plc on its transformational combination with Eni S.p.A.’s UK upstream oil and gas assets, establishing Ithaca Energy as the second largest independent operator in the UKCS by 2024 production.
Multinational law firm Pinsent Masons has hired forensic accounting specialist David Lister as partner to bolster its professional services capabilities in investigations and fraud risk management.
Multinational law firm Pinsent Masons has boosted its global professional services capabilities with the promotion of 22 new partners.
Multinational law firm Pinsent Masons is advising leading UK independent exploration & production company Ithaca Energy plc on its transformational combination with Eni S.p.A.’s UK upstream oil and gas assets, establishing Ithaca Energy as the second largest independent operator in the UKCS by 2024 production.
Multinational law firm Pinsent Masons has advised Eni on its agreement with bp to form a new 50/50 independent company, Azule Energy in Angola.
Multinational law firm Pinsent Masons has advised Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on the issuance of EUR 55m 6.50% GREEN bonds due 2027.
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