NEWS

NI Capital, acted as financial advisor to PETRONAS Lubricants International on the first of its kind transaction to establish a 50:50 Joint Venture “JV” with Misr Petroleum Co., for the sales and marketing of lubricants in the local and export markets.

The JV will leverage the best of both worlds; technology and R&D from internationally acclaimed PLI together with the local industry insights and knowledge of MP to further elevate the Egyptian market.

The signing ceremony for the JVA took place during EGYPS conference in the presence of his excellency Eng. Tarek El Molla Minister of Petroleum and Mineral Resources, representatives from both sides of the Joint Venture, The Egyptian General Petroleum Corporation (EGPC) along with NI Capital present as financial advisor and Shalakany as local legal counsel to PETRONAS on the transaction.