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Financials and Investment News

Mizuho Bank, SMBC & J.P. Morgan to Provide EUR 800 million Credit Facility to Gazprom
Russia >> 12/12/2016 - Gazprom, Japan's Mizuho Bank, Ltd. (Mizuho) and Sumitomo Mitsui Banking Corporation (SMBC), and U.S.-based JPMorgan Chase Bank, N.A. (J.P. Morgan) signed a four-year EUR 800 million Facility Agreement...
Kuwait's KNPC Mandates Banks for $4B Loan Facility
Kuwait >> 12/12/2016 - Kuwait National Petroleum Co (KNPC) has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said. ...
Russia's Yamal LNG Gets 750 Mln Euros in Credit Line from Intesa
Russia >> 12/12/2016 - Russia's Yamal LNG project, which aims to start producing liquefied natural gas next year, said on Monday it had obtained a 14.5-year credit line worth 750 million euros ($796 million)from Intesa Sanp...
Bahrain LNG Completes $741M Syndicated Loan
Bahrain >> 12/12/2016 - Bahrain LNG WLL, the developer and owner of the first LNG receiving and regasification terminal in the Middle East developed on a PPP basis, has completed limited recourse financing for the project. B...
OECD Stock Movements - November 2016
OECD Stock Movements - November 2016 Austria >> 12/8/2016 - Preliminary data for September shows that total OECD commercial oil stocks fell by 13.4 mb to stand at 3,052 mb, which is around 99 mb higher than at the same time one year ago and 304 mb above the la...
LGO Signs Funding Deal to Restart Goudron Field Drilling
Trinidad and Tobago >> 12/7/2016 - LGO is pleased to announce that agreements have been signed which will pay off the Company's entire remaining debt to BNP Paribas (BNPP), and put in place a new US$8.6 million Convertible Security Fun...
Polarcus Provides Q4 and Full-Year 2016 Update
United Arab Emirates >> 12/7/2016 - Polarcus Limited (Polarcus) updates its guidance relative to multi-client prefunding estimated for the full year 2016. Based on preliminary numbers, the Company expects to report a prefunding level o...
NBAD and FGB to Create Middle East’s Biggest Bank
United Arab Emirates >> 12/7/2016 - National Bank of Abu Dhabi (NBAD) secured shareholders' assent to merge with First Gulf Bank (FGB) at a meeting, a spokesman for NBAD said. ...
SOCAR’s Budget Payments for November 2016
Azerbaijan >> 12/7/2016 - SOCAR paid AZN 116 million 193 thousand to the State Budget for November of the current year. For January-November 2016, SOCAR transferred AZN 1 billion 266 million 365 thousand to the State Budget. ...
Oil Prices Slip After Rallying to One-Year High
Oil Prices Slip After Rallying to One-Year High Austria >> 12/7/2016 - Oil futures eased Wednesday, as the market sought direction after last week’s meeting of the Organization of the Petroleum Exporting Countries. ...
The 2017 Edition of Abu Dhabi Sustainability Week (ADSW)
The 2017 Edition of Abu Dhabi Sustainability Week (ADSW) United Arab Emirates >> 12/7/2016 - The 2017 edition of Abu Dhabi Sustainability Week (ADSW) is on track to be the most important in the event’s history for driving commercially focused action, said industry leaders at a press event tod...
Egypt, China Sign $2.6B Currency Swap Boosting Pound Flotation
Egypt, China Sign $2.6B Currency Swap Boosting Pound Flotation Egypt >> 12/6/2016 - Egypt and China signed a currency-swap deal for about $2.6 billion, allowing the North African nation to shore up foreign reserves after floating its currency last month. ...
EGPC to Receive $200m Afreximbank Support
EGPC to Receive $200m Afreximbank Support Egypt >> 12/6/2016 - The African Export-Import Bank (Afreximbank) in Cairo signed a $200-million loan facility agreement with the Egyptian General Petroleum Company (EGPC) to support the expansion of electricity generatio...
Russia's Rosneft Offers $9.4 Billion in Local Bonds & Eyes Egyptian Investment
Egypt >> 12/5/2016 - Russian oil firm Rosneft opened the books for a 600 billion rouble ($9.4 billion) bond sale to raise money for foreign projects, and said it was interested in an offshore concession in Egypt. ...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 12/5/2016 - Genel Energy plc announces that the Taq Taq field partners have received a gross payment of $21.33 million from the Kurdistan Regional Government (‘KRG’) for oil sales during September 2016. Genel’s n...
DNO Reports Payment for Tawke Deliveries
Iraq >> 12/5/2016 - DNO ASA, the Norwegian oil and gas operator, received USD 36.20 million from the Kurdistan Regional Government as payment towards September crude oil deliveries to the export market from the Tawke fie...
Kuwait Energy Aiming to Close RBL Loan of up to $100M by Year-end
Kuwait >> 12/4/2016 - Kuwait Energy plans to close by the end of this year a reserve-based lending (RBL) loan facility of up to $100 million, sources familiar with the situation said. ...
Gazprom in Talks with Japanese Banks about Raising 800 million Euros
Russia >> 12/4/2016 - Russian gas giant Gazprom is working on a deal under which Japanese banks would provide it with financing worth 800 million euros ($851.28 million), two sources familiar with the discussions told Reut...
Vietnam Seeks $1.2 Billion in Overseas Loans to Expand Refinery
Vietnam >> 12/2/2016 - Vietnam is seeking about $1.2 billion in overseas loans for its only oil refinery before a share sale in 2017, to increase output and meet demand in one of Southeast Asia’s fastest growing economies. ...
Hoegh LNG Prices Upsized Public Offering of 6,000,000 Common Units
United States >> 12/1/2016 - Hoegh LNG Partners LP (HMLP) has priced a public offering of 6,000,000 common units, representing limited partner interests in the Partnership, at a public offering price of $17.60 per unit. The offer...

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