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HSBC appointed financial advisor for Zwara refinery

Zwara Oil Refining Company (Zorco) has appointed HSBC as its advisor for the estimated $4bn, 200,000 b/d project, which will be “the first project in Libya to be financed on a commercially structured project finance basis,” according to the influential chairman of Zorco’s parent Tamoil Africa Holding Ltd Ali Shamekh.

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African Energy Gulf States Newsletter