Middle East Economic Survey
AMPTC Secures Loan For Aframax Product Tankers
OAPEC-sponsored Arab Maritime Petroleum Transport Company (AMPTC) has secured a $93mn loan that will be used to finance partly its acquisition of two Aframax oil product tankers. Mandated arrangers of the loan are APICORP (the multilateral bank owned by OAPECs 10 member states) and Credit Agricole, while Gulf International Bank (GIB) is acting as arranger. AMPTC mandated APICORP...