The Shelfgastechnology group in project finance ‘ShelfGas Iraq’

The total transaction value is approximately $ 180 million.

Avocom – Affiliated Professional Firms / Avocom Law Firm LLP, in association with Arkios Legal assisted the Shelfgastechnology LLC group, based in Baku, Azerbaijan, in the negotiations for the realisation of a project finance in Iraq, called “ShelfGas Iraq” – a leading multinational company in the Oil & Gas sector -, and in obtaining a loan from investment company CITIC Holding IF Group LLC together with some institutional investors.

The total transaction value is approximately $ 180 million.

The firm provided assistance in the transaction with a team led by managing partner Francesco del Bene, assisted by partners Piergiorgio Casati, from the Milan office, and Ian Hughes, from the London office.

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