Neconde secures $640m refinancing deal to drive oil production

A consortium of seven local and international lenders has signed an agreement to refinance Neconde Energy Limited’s existing Senior Secured Medium-Term Loan Facility Agreement worth $640 million, following a 20-year renewal of its Oil Mining Licence (OML), effective June 2019. Neconde is in a Joint Venture (JV) with the Nigerian Petroleum Development Company (NPDC) in […]

The post Neconde secures $640m refinancing deal to drive oil production appeared first on The Guardian Nigeria News – Nigeria and World News.

Source: Guardian

Be the first to comment

Leave a Reply

Your email address will not be published.


*