Clifford Chance advises lenders on $280m refinancing for FOT

fujairah, lenders, singapore, associate, senior,
Gulf
  • Date: 14-Oct-2021
  • Source: Trade Arabia
  • Sector: Economy
  • Country: Gulf
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Clifford Chance advises lenders on $280m refinancing for FOT

Leading international law firm Clifford Chance has advised lenders on a $280 million refinancing transaction for Fujairah Oil Terminal (FOT), a joint venture between Sinopec, Prostar Capital and the Government of Fujairah. The lenders comprise a club of international bank financiers.

 

FOT is an onshore oil storage facility with a capacity of 7.4 million barrels and is strategically located in the UAE’s Port of Fujairah, one of the largest bunkering ports in the world.

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