(Your Oil & Gas News, Aberdeen, 22 December 2015) Sovcomflot Group and Sberbank CIB have signed a 14-year $340 million credit facility agreement to finance the construction of three Arctic shuttle tankers for the Novy Port project (project operator: Gazprom Neft). Commenting on the...
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Gina Rinehart treated 80 bankers to an outback lunch to secure export credit funds for Roy Hill mine
(Business Insider Australia, Sydney, 4 December 2015) Yesterday Gina Rinehart’s Roy Hill mine hit yet another snag. For a second time the first shipment of iron ore from Roy Hill was delayed following safety concerns. At a Sydney Mining Club function last night — held by Rinehart with the...
more(Global Trade Review, London, 18 November 2015) Brazilian national oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement, this financing will contribute towards its fundraising efforts...
more(Natural Resources Defense Council, New York, 22 October 2015) We have given a "climate grade" to key countries for their climate actions and new targets in the lead-in to the Paris climate agreement. Nobody is receiving top marks - an "A+" - but some countries are receiving failing grades. We...
more(Reuters, Moscow, 29 October 2015) A deal to raise financing for the Novatek-led Yamal LNG project in Russia is in its final stages, the chairman of the management board at Gazprombank, Andrey Akimov, told Reuters. Financing for the $27 billion project is seen as a test for Russia in securing...
more(New York Times, New York, 10 October 2015) In 2013 the people who dreamed up Big River Steel in Arkansas wanted government aid that would help make the project successful — the kind of aid that groups like Heritage Action and Americans for Prosperity, both generously supported by the right-...
more(Management Today, London, 30 September 2015) Evraz, the steel and mining giant that is 30.8% owned by the Russian oligarch and Chelsea FC owner Roman Abramovich, is due to receive a £45m loan from Britain's export credit agency. The loan is part of the UK Export Finance 'direct lending' scheme...
more(CS Solutions Blog, 26 October 2015) International owner, operator and manager of LNG carriers, GasLog Ltd. has completed an export credit agency-backed debt financing of USD 1.3 billion with 14 banks for its newbuilding program. The so called Newbuild Facility will include eight...
(ClimateWire, Washington, 27 October 2015) The Obama administration has crafted a deal with Japan to restrict financing for overseas coal projects, several sources told ClimateWire. The agreement is aimed at influencing other members of the Organisation for Economic Co-operation and Development...
more(Reuters, SOHAR, Oman, 8 September 2015) State-owned Oman Oil Refineries and Petroleum Industries Co (ORPIC) will borrow money to finance 70 percent of its $5.2 billion plastics production complex, its chief financial officer said on Tuesday. The complex, the Liwa Plastics Project, is...
more(FOE Japan, Tokyo, 25 September 2015) At the proposed project site of the controversial 2,000-megawatt coal-fired power plant in Batang, Central Java, Indonesia, further cases of human rights violations have been reported. On September 25, the undersigned 63 organizations from 20 countries,...
more(FOE France, Paris, 30 September 2015) Today's publication of new criteria for coal-fired power plant financing by French bank Crédit Agricole suggests that the bank will be unable to finance the controversial €800 million Plomin C coal power plant in Croatia, campaign groups beleive. The...
more(Reuters, London, 30 September 2015) China's promise to curb public funding of "highly polluting projects" has isolated Japan and increased the pressure to close a deal to phase-out coal export subsidies after months of wrangling. The Paris-based Organisation for Economic Cooperation and...
more(Reuters, Singapore, 5 August 2015) Chinese banks are leading a group of lenders in financing a 300 MW coal-fired power plant in Zambia that is needed to meet rising demand from miners and an electricity-starved public... The new power plant is part of an $828 million project that includes...
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