FINANCIAL OPERATIONS

AFRICA ENERGY INTELLIGENCE n°668 - 01/02/2012
IVORY COAST
IFC buys into Rialto
The private investment arm of the World Bank, International Finance Corp. (...)  [200 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°668 - 01/02/2012
NIGERIA
Loan sewn up for Satellite
Revealed by Africa Energy Intelligence, an international loan worth $1.5 billion for a joint venture between Nigerian National Petroleum Corporation (NNPC) and Exxon Mobil has been virtually sewn up. (...)  [171 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°667 - 18/01/2012
NIGERIA
Uncertainty over OML 245
Despite announcements in December (AEI 665), the acquisition of Malabu Oil & Gas’ block OPL 245 by Shell and Agip hasn’t yet been finalized. (...)  [128 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°667 - 18/01/2012
ETHIOPIA
EEPCO to land major loan
On May 24, the World Bank’s directors are going to decide on a program involving loans of nearly $200 million to Ethiopia’s power sector. (...)  [215 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°666 - 04/01/2012
LIBYA
EIB brings Tripoli into fold
The European Investment Bank is going to include Libya among nations profiting from its Facility for Euro-Mediterranean Investment and Partnership (FEMIP) for the period between 2007-2013. (...)  [140 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°666 - 04/01/2012
GHANA
IMF okays Chinese loan
The International Monetary Fund (IMF) finally gave a green light in mid-December to a $3. (...)  [183 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°665 - 14/12/2011
KUWAIT/AFRICA
IFC backs Kharafi
In January, the board of the International Finance Corp, private investment arm of the World Bank, will examine a project to invest $100 million in the Kuwaiti group Kharafi National. (...)  [171 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°665 - 14/12/2011
SENEGAL
Major cash boost for Senelec
The World Bank’s board of directors is due to vote in mid December in favor of a $88 million loan to Senegal’s power utility Societe Nationale d’Electricite du Senegal . (...)  [181 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°664 - 30/11/2011
TUNISIA
Candax lands big injection
The board of International Finance Corp., the private investment arm of the World Bank, will decide on December 17 whether to buy a stake worth $Can 10 million ($9. (...)  [143 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°664 - 30/11/2011
NIGERIA
New cash sought for Satellite
Officials from the Nigeria National Petroleum Corporation (NNPC) dropped in at the Standard Chartered Bank’s headquarters in London last week to try to persuade the establishment to finance the second development phase of ExxonMobil's Satellite Fields project. (...)  [183 words]   [$2,1]
 
AFRICA ENERGY INTELLIGENCE n°668 - 01/02/2012
NIGERIA
End game for TSKJ
A court in Texas will hand down a sentence this week on two British nationals, Jeffrey Tesler and Wojciech Chodan, who pleaded guilty to helping the oil services companies KBR, Technip, Snamprogetti and JGC to pay $132 million in bribes in Nigeria between 1995 and 2004. (...)  [137 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°668 - 01/02/2012
TANZANIA
Bill for emergency power
The Tanzania Electricity Supply Co (Tanesco) has retained Citi in the U. (...)  [190 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°667 - 18/01/2012
GHANA
Modec still being probed
Tullow Oil is expected to announce in its interim statement to the London Stock Exchange this week that it has joined with Kosmos Energy, Anadarko and the Ghana National Petroleum Corporation in buying the floating production storage and offloading (FPSO) to work the Jubilee field off Ghana. (...)  [184 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°667 - 18/01/2012
KENYA
MIGA guarantee for Triumph
The World Bank is poised to offer not only financial guarantees to the independent power producer Triumph Power and Gas Systems for its projects in Kenya but also a political guarantee. (...)  [164 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°666 - 04/01/2012
NIGERIA
SCB takes on Satellite plan
With French banks reluctant to commit themselves to Nigerian oil projects (see our report in no. (...)  [163 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°666 - 04/01/2012
KENYA
Hefty power guarantee
Initially set at $100 million (AEI 649), a World Bank guarantee to independent electricity producers in Kenya will be increased to $166 million. (...)  [186 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°665 - 14/12/2011
SWITZERLAND
Stakeholder shift in Progisys
According to our sources, the shareholder structure of the Swiss firm Progisys that specializes in appointing oil engineers to national petroleum companies, particularly in Africa, has considerably changed. (...)  [149 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°665 - 14/12/2011
NIGERIA
The OML 26 deal’s funders
Nigerian banks were the prime funders of First Hydrocarbon Nigeria’s acquisition of the stakes of Shell, Agip and Total on OML 26. (...)  [184 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°664 - 30/11/2011
MOROCCO
Loan for Taqa finalized
The establishments BNP Paribas, Societe Generale and Standard Chartered are currently finalizing a $1. (...)  [182 words]   [$2,1]
AFRICA ENERGY INTELLIGENCE n°664 - 30/11/2011
NIGERIA
Neconde awaits verdict
Despite an announcement by the Nigeria National Petroleum Corporation (NNPC) on Nov. (...)  [180 words]   [$2,1]

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