A&Q has represented the lenders in PKR 750 million Islamic structured facilities provided to Orient Petroleum Inc., one of the country’s leading exploration & production companies, for the purpose of conducting capital expenditure on certain petroleum fields.
The facilities were mainly secured through the assignment of oil, gas and LPG receivables generating from certain fields of the customer and routing of the same through a complex FCY and LCY accounts waterfall.
Today, due to the efforts of all parties, the facilities were successfully disbursed.
A&Q team comprised Nazif Ahmed (Head – Corporate), Altan Ahmed (Senior Associate), along with various other associates at the firm.
