Sector - Oil & Gas
Nigerian borrowers to hit the market
Both the Nigerian Liquefied Natural Gas and the Nigerian National Petroleum Corporation are looking to international lenders to raise billions of dollars in syndicated loans.
Markets monitor EU ban on Iranian oil exports
EU ministers have agreed to place a ban on new contracts for Iranian exports of crude oil and petroleum products.
Cameroon gas project wins syndicated loan
Kribi Power Development Company has won a €138mn syndicated loan with six international and development banks to construct a natural gas-fired power plant in Cameroon.
US Exim approves loan for Saudi Quaryyah IPP
US Exim has approved its involvement in the Saudi Quaryyah IPP project in Riyadh.
Trade finance volumes hit new low
Trade finance activity fell to a new low in the fourth quarter of 2011, according to new data from Dealogic.
Just 137 deals were recorded in the final quarter of last year, the lowest level seen since Q1 in 2004 when just 113 deals were closed.
Propping up African infrastructure
Now more than ever, export credit agencies are needed to support infrastructure development in Sub-Saharan Africa, argues Sarah Rundell.
Qatar Petroleum closes year's largest project financing
Qatar Petroleum has closed a US$6.6bn financing with a syndicate of over 30 banks and export credit agencies to fund the Barzan gas project.
The project will be financed with up to 30% equity while the remaining 70% will be in the form of a syndicated loan, expected to total US$7.2bn.
The loan comprises a commercial bank facility of US$3.34bn, a US$850mn Islamic facility and US$2.55bn worth of ECA financing.
Ecopetrol gets US$5bn boost
Colombian oil firm Ecopetrol has signed a US$5bn deal with four international banks to expand its Cartagena refinery project.
Rosneft closes jumbo facility
Russian oil producer Rosneft has closed a US$2bn five-year credit line with Barclays Capital and 14 other banks.
Petrobras to sign UK-backed credit line
Brazilian oil company Petrobras has secured a US$1bn line of credit with a syndicate of four banks comprising of BBVA, Citi, HSBC and Santander.
Québec powerhouses gain international support
Power producers Gaz Métro and Valener have closed a US$725mn 18-year project financing with eight banks for the Seigneurie de Beaupé wind farms in Québec city.
Ukrainian oil producer wins debut PXF
Ukrainian sunflower oil producer PJSC Creative has signed its first pre-export finance facility with a group of international banks.
Funding Ghana’s crude oil
Funding for Ghanaian crude oil seemed to have cleared the starting blocks but now something is stalling the potentially lucrative industry. Sarah Rundell reports.
Reed Smith expands ENR offering
Law firm Reed Smith has launched an expanded energy and natural resources group to respond to what the firm says are important drivers of the global economy.
UPDATE: Koç Tüpras closes syndication
Turkey’s Koç Tüpras has closed its US$2.1bn syndicated loan facility with a consortium of 10 international banks.
