Oil-in-exchange-for-refinieries and oil-in-exchange-for-oil-tanker-carriers
Heritage group currently is excited heavily involving in working with the Iraqi government via iraqi SOMO to implement the acquisition project via barter trade for 30% equity via the-oil-in-exchange-for-refineries in Indonesia, in Malaysia and in Shandong China, and also for the project for oil-in-exchange-for-oil-tanker-carriers to be manufactured 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) for its oil tanker acquisition under the platform of the-oil-in-exchange-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 complexes in Shandong China, in Malaysia 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. The security / collateral is an order-intake for Barter Trade Contract (BTC) granted by iraqi SOMO under the platform of Heritage Funds LPF to sell the crude oil to Chinese state-owned oil buyers, or Pertamina or Petronas in exchange for project financing, preferable RMB project financing.
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 barter trade via oil in exchangge for equity for the acquisition for 30% of equity for refinery in Pemping Island Batam, Indonesia, the progress achieved: 20%
30% (USD in billion)
Refinery capacity BPD
Total Investment (USD in billion)
Required commencement
- By barter trade via oil in exchange for equity for the acquisition for 30% of equity for refinery in the southern part of Johor, Malaysia, the progress achieved: 10%
30% (USD in million)
Refinery capacity BPD
Total Investment (USD in billion)
Commissioned from
- By barter trade via oil-in-exchange-for-acqusition-for-30%-Chinese-shandong-refinery, the progress achieved: 30%
30% (USD in million)
Refinery capacity BPD
Estimated value (USD in million)
Required commencement
- By barter trave via oil-in-exchange-for-construction-of-one-oil-tanker-carrier (VLCC) to be built by Hengli Heavy Industry China, the progress achieved: 25%
Project value (USD in million)
Qty of VLCC
Required commencement
