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GAC

Sector: Oil and Gas • Location: Middle East, Pakistan, and Afg Region

Source: International Finance Corporation (IFC)

Project
Completed

Gulf Agency Company (“GAC” or the “Company”) is a global provider of shipping, logistics, marine and related services. It has a fleet of about 50 vessels (tugs, barges, landing craft, etc.) that support the offshore oil industry and which are active from the west coast of India to the west coast of Africa including the Caspian Sea and Arabian Gulf. The Company is embarking on an expansion program

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Project Information

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The project “GAC” is an infrastructure initiative in the Oil and Gas sector, located in Middle East, Pakistan, and Afg Region. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Contact

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Email

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Description

Description

Gulf Agency Company (“GAC” or the “Company”) is a global provider of shipping, logistics, marine and related services. It has a fleet of about 50 vessels (tugs, barges, landing craft, etc.) that support the offshore oil industry and which are active from the west coast of India to the west coast of Africa including the Caspian Sea and Arabian Gulf. The Company is embarking on an expansion program to upgrade its fleet. IFC’s financing would be used to cover the costs of acquiring additional vessels, beginning with the purchase of two Anchor Handling Tug Supply (“AHTS”) vessels which would initially operate on the Caspian. The expansion will help the Company optimize its fleet structure and expand its operations.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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