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Uganda to Borrow $145 Million for Oil Region Infrastructure
Uganda >> 5/8/2014 - Uganda said it wanted to borrow $145 million from the World Bank to revamp infrastructure in the Albertine region where it discovered commercial oil reserves. East Africa's third-largest economy is ey...
Egypt's Debts to Foreign Oil Companies up by US$800 ml in 3-Months
Egypt >> 4/30/2014 - The government's debt to foreign oil companies increased by US$800 million in the first quarter of 2014 to reach $5.7 billion versus $4.9 billion last December, said Egyptian General Petroleum Corpora...
Abu Dhabi's Taqa Issues $750m 10-yr Bond
United Arab Emirates >> 4/29/2014 - Abu Dhabi National Energy Co is due to price a $750 million bond with a ten-year lifespan, arranging banks said, with interest from investors covering the size of the transaction more than three times...
Tap Oil Provides Manora Update & Refinancing
Thailand >> 4/28/2014 - Tap Oil Limited has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million. The BNP facility will replace the US$50 million Manora field development facility and the A$...
Delek, Avner Oil Raise Up to $2 Bln in Bonds
Israel >> 4/28/2014 - Israel's Delek Drilling and Avner Oil said they plan to raise up to $2 billion in bonds locally and abroad to help fund the development of the huge Leviathan natural gas field off the coast of Israel....
New Engota Investment Fund to Acquire Assets in Nigerian Oil Market
Nigeria >> 4/24/2014 - New investment fund, Engota, will begin working internationally within the finance industry to build a portfolio of oil exploration and production assets in the lucrative Nigerian market. ...
Canacol Closes on Long-Term Secured Loan for $220m
Colombia >> 4/24/2014 - Canacol Energy Ltd has closed its previously announced upsizing of its existing senior secured term loan with a syndicate of banks led by Credit Suisse as Lead Arranger, Sole Bookrunner and Administra...
Egypt to Pay $1 bln Owed Oil Firms within 2 Months
Egypt >> 4/22/2014 - Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. ...
Libya Slashes Budget by a Third to Offset Loss of Oil Revenue
Libya >> 4/21/2014 - Libya must slash its budget by a third and halt infrastructure funding to offset the loss of oil revenues due to a 9-month shutdown of major ports and oilfields, the head of parliament's budget commit...
Sonatrach to Fund 2 Cancer Hospital Projects in Algeria
Algeria >> 4/15/2014 - State-owned oil group Sonatrach will finance the building of two specialized cancer hospitals in Hassi Messaoud, province of Ouargla (800-km southeast of Algiers) and in Algiers, a source from the min...
Xcite Energy Extends Equity Line Facility Agreement
United Kingdom >> 4/14/2014 - Xcite Energy has extended the term of its existing Equity Line Facility agreement ("ELF") with Esousa Holdings, LLC by three years until 30 July 2017. The terms and conditions of the ELF remain unchan...
Matra Provides Update on Additional Payment for Arkhangelovskoe Licence
Russia >> 4/14/2014 - Further to the announcement of 3rd April 2014, Matra Petroleum plc has received the additional payment of US$10,000,000 from the acquirer of the Arkhangelovskoe Licence. The Company is therefore no lo...
GNPC Seeks $1 Billion to Become Independent Operator
Ghana >> 4/11/2014 - Ghana National Petroleum Corporation (GNPC) is seeking $1 billion to fund its plan to become an independent operator in seven years and will also seek to build an oil trading desk with its partner Uni...
Oil Market Highlights - April 14
Austria >> 4/10/2014 -  Crude Oil Price Movements
The OPEC Reference Basket fell $1.23 in March to average $104.15/b. Global crude oil markets were impacted by the slowing pace of economic growth in China, low...
Summer Oil Market Outlook- April 14
Austria >> 4/10/2014 - In the summer, the oil market is generally driven by product market developments, particularly gasoline and to some extent diesel demand. Before turning to the outlook for the product markets, it is ...
Balance of Supply and Demand - April 14
Austria >> 4/10/2014 - Demand for OPEC crude in 2013 remained unchanged from the previous report to stand at 30.0 mb/d, which is 0.5 mb/d lower than the 2012 level. In 2014, the demand for OPEC crude saw a downward revisi...
Zambia Seeks Financiers for Three-Year Oil Supply Tender
Zambia >> 4/9/2014 - Zambia is looking for financiers for the import of 1.4 million tonnes of semi-processed oil for a period of three years, the ministry of finance said. The government also advertised for expressions of...
Caracal Secures $140m in Debt Financing
Chad >> 4/7/2014 - Caracal Energy Inc through its wholly owned subsidiary PetroChad Mangara Limited, is pleased to announce that it has signed a US$140 million Reserve Based Senior Secured Facility (the "Facility") with...
Tullow Refinances Its Corporate Revolving Credit Facility
United Kingdom >> 4/7/2014 - Tullow Oil plc (Tullow) is pleased to announce that it has refinanced its US$500 million corporate revolving credit facility and that it has successfully increased the size of the facility to US$750 m...
PA Resources Signs Credit Facility
Tunisia >> 3/31/2014 - PA Resources has signed a working capital facility of USD 50 million. The facility is a one-year working capital facility of USD 50 million with Gunvor Finance Limited as Lender. It carries a fixed ra...

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