Dragados to receive funding for Pemex project

Dragados to receive funding for Pemex project

Loans Project & Infrastructure Finance Debt Energy Gas Mexico Europe Japan

Dragados Offshore, an oil and gas engineering, procurement and construction (EPC) division of Spain's ACS, is set to receive financing for an offshore compression project for Mexico's state-owned oil company Pemex, according to a source close to the deal. Dragados signed the 10-year, $404 million loan in April to fund a sour gas compression system on the CA-KU-A1 platform in the Gulf of Mexico. The leaders, ING and Mizuho, brought nine other lenders to the loan, Bancomext, Bank of China, Banobra

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