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Topaz $50m finance facility
- United Arab Emirates: Sunday, July 01 - 2007 at 16:49
Topaz Energy and Marine, the Dubai based oil and gas services company has concluded a $50m syndicated Islamic lease finance facility with the Standard Chartered Bank, the Bank of Scotland and First Gulf Bank. Under the terms of the agreement, the facility will be used towards the construction of eight special purpose ice class work barges which will operate in the north Caspian region of Kazakhstan.
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Jonathan Sheikh-Miller, Deputy EditorSunday, July 01 - 2007 at 16:49 UAE local time (GMT+4)
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