Avocom – Associated Professional Firms / Avocom Law Firm LLP, in association with
Arkios Legal provided assistance in the operation to the Shelfgastechnology LLC group,
based in Baku in Azerbaijan.
The firm has provided assistance in the negotiations for the realization of a project finance in
Iraq, called “ShelfGas Iraq”, and the subsequent obtaining of a loan from
investment company Citic Holding IF Group together with some institutional investors.
The total transaction value is approximately $ 180 million.
The negotiation concerns the construction of a gas treatment plant with a capacity of 1,000 tons of LPG per day in the province of Basra, in southern Iraq,
as well as an LPG storage park for its subsequent export as well distribution within Iraq.
The firm provided assistance in the operation with a team led by the managing partner Francesco del Bene, assisted by partners Piergiorgio Casati, of the Milan office, and Ian Hughes, of the London office.



Credit / Corporate Rating “A” Assigned by ICRA Rating (A MOODY’S Investors Service Company)
Infrastructure Finance Specialists of the Year 2023 - Construction & Engineering Awards hosted by BUILD
CITIC Holding Registered Office:
1013 Centre Road, Suite 403-A, Wilmington, County of New Castle, 19805, Delaware
Tel.: +1 302- 597-9001
Fax : +1 302- 597-9016
Associated Reference Office: Hong Kong - Beijing - Singapore
E-mail: administrationdepartment@citichifg.com
REA Number: 5783403 DE
EIN assigned: 37-1989661
ISIN Number: US17290BAA61
Company LEI code 9845004EBABCQE260892 USA
Web Site: www.citichifg.us
© 2022 CITIC Holding IF Group LLC

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