JPRC commissions Jordanian-led consortium to conduct feasibility study
The Jordan Petroleum Refinery Company (JPRC) has signed an agreement with a Jordanian-US-British-Canadian consortium led by Atlas Investment Group to conduct a feasibility study on JPRC's fourth expansion.
Other consortium members include Taylor Dejongh, Jacobs Consultancy and McCarthy Tétrault. The Project comes at a critical stage given the Government of Jordan's plans to begin phasing in the use of natural gas as an energy source for industry instead of heavy fuel, which is currently produced by JPRC.
The Project's main objectives are to understand the current and anticipated market for refined products in Jordan, to choose an expansion strategy that meets JPRC's commercial and financial objectives, and to recommend restructuring options of JPRC's finances and corporate structure in order to optimally respond to changing regulatory and market conditions.
Atlas, the Consortium leader and the Project's local financial advisor, is a regional investment-banking firm, headquartered in Amman. It offers investment banking services, including corporate finance, asset management, brokerage and research. Atlas' team is experienced in advisory services and valuations, private placements, mergers and acquisitions and project finance. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
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