Oil-for-refinieries and oil-for-oil-tanker-carriers
Heritage group currently is excited heavily involving in working with the Iraqi government via iraqi SOMO to implement the project for oil-for-refineries in Indonesia and in Shandong China, and also for the project for oil-for-oil-tanker carriers in China.
We are in the process of trying to engaging Hengli Heavy Industry, China to build & manufacture one VLCC for Iraqi Oil Tanker Companyy (ITOC) under oil-for-oil-tanker-carriers programme whilst working with SOMO which is the most dynamic largest oil producers under the Ministry of Oil of Iraqi governemnt, to make an aquisition each for 30% of equity of the refinery petrochemical complex in Shandong China and in Indonesia.
Objective
By capitalizing the solid experience in project financing from Heritage Funds LPF, the objective is to work with all the parties concerned to create an a-z total solution of project financing under the barter-trade programme.
Indonesian Project description
Heritage group currently liaises and engages in collaboration with Iraqi government via its Iraqi SOMO to work with Indonesian government to implement the programme of having 30% of equity via oil-for-refinery for the construction of the refinery chemical complex with the refinery capacity of 500,000 barrels per day on Pemping Island Batam, Riau Islands Indonesia by arranging the project financing by Heritage Funds LPF with its Indonesian and Chinese networks.
- By oil for 30% of equity for refinery in Pemping Island Batam, Indonesia, the progress achieved 40%
30% (USD in billion)
Refinery capacity BPD
Total Investment (USD in billion)
Required commencement
- By oil-for-30%-Chinese-shandong-refinery, the progress achieved 30%
30% (USD in billion)
Refinery capacity BPD
Estimated value (USD in billion)
Required commencement
- Oil for one oil tanker carrier (VLCC) from Hengli Heavy Industry 49%
Project value (USD in billion)
Qty of VLCC
Required commencement
