IFLR1000

Liwa Plastic Industries Complex

1/4/2016
Project development, Project finance
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$ 6.4 billion

Announced

1/4/2016

Overview:

  • Liwa Plastic Industries Complex.
  • The project is a steam cracker complex that will increase the country's product mix and increase the country's production of polyethylene and polypropylene to 1.4 million tonnes per annum.
  • The project is set to be completed in 2020
  • $3.8 billion in financing was provided by export credit agencies Atradius, Euler Hermes, The Export-Import Bank of Korea, K-Sure, SACE and UK Export Finance - and a syndicate of 19 international and regional banks.

Sam Duke - Editor

Jurisdiction:

Oman

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

England and Wales
Oman

Industry sectors:

Industrials and manufacturing
Oil and gas

Firms:
Al Busaidy Mansoor Jamal & Co

Party: Atradius (Lender)

Party: Euler Hermes (Lender)

Party: The Export-Import Bank of Korea (Lender)

Party: Korea Trade Insurance Company (K-Sure) (Lender)

Party: SACE - Servizi Assicurativi del Commercio Estero (Lender)

Party: UK Export Finance (Lender)

Lawyer: Marcus Alexander Kemal Pery

Allen & Overy

Party: Oman Oil Refineries and Petroleum Industries Company (orpic) (Project developer)

Dentons

Party: Mashreq Bank (Lender)

Party: Oman Oil Refineries and Petroleum Industries Company (orpic) (Project developer)

Lawyers: Neil Cuthbert, Sadaf Buchanan

White & Case

Party: Atradius (Lender)

Party: Euler Hermes (Lender)

Party: The Export-Import Bank of Korea (Lender)

Party: Korea Trade Insurance Company (K-Sure) (Lender)

Party: SACE - Servizi Assicurativi del Commercio Estero (Lender)

Party: UK Export Finance (Lender)

Lawyers: Mark Castillo-Bernaus, Michael Watson

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