SMBC leads in project financing for Modec, Mitsui’s FPSO
A nine-member bank consortium has backed the FPSO, which is earmarked for a long-term charter with Eni. Modec acquired a tanker that will undergo conversion into an FPSO for the charter off Mexico
Mitsui & Co and Modec last year signed a letter of intent with Eni for a 15-year fixed term FPSO charter plus options for five yearly extensions
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