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.”
International law firm, Pinsent Masons, has advised Primary Capital Partners on its management buy-out of British engineering company Foster & Freeman.
International law firm Pinsent Masons has appointed partners Mark Waddell and James Morgan-Payler to further enhance the firm's infrastructure and energy practice in Australia and across Asia Pacific.
International law firm Pinsent Masons has advised Međunarodna Zračna Luka Zagreb (MZLZ) on the c.€200 million refinance of Croatia's Zagreb Airport.
International law firm Pinsent Masons has advised French oil giant Total on its sale of several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. Petrogas has partnered with Norway-based private equity investor HitecVision.
HMRC is aiming at the very top tier as it looks to hold executives to account, with a 22% increase in number of fines last year alone.
Project uses NLP and AI to save hundreds of hours of manual processing time
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on