PetroTel Oman LLC (DFC-PETROTELOMAN)

Countries
  • Oman
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PetroTel Oman LLC
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 435.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 24, 2019

Disclosed by Bank Feb 26, 2019

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Project Description

According to bank documents, the project is for the development, construction and operation of the Tibat and Ash Sham oil and gas fields within the Block 17 concession and construction of a 3-km long pipeline, all on the Musandam peninsula, an exclave of Oman on the Strait of Hormuz. 

Investment Description
  • US International Development Finance Corporation (DFC)

Proposed OPIC Loan: Up to $300 million

Proposed Insurance: Up to $150 million for the equity investment 

Contact Information

No contact information provided at the time of disclosure.