Chinese firm Sino Arab Energy (SAE) and Nigerian company Osabo Refining and Petrochemical Industry Limited have concluded plans to build a refinery in Akabuyo, Local Government Area of Cross River State
Technology
FMC Technologies receives equipment order from CNR International
FMC Technologies has announced that it has received an order from CNR International Ltd for subsea equipment for the Baobab field offshore West Africa
IITFC grants US$265 million loan to Egyptian oil firm
The International Islamic Trade Finance Corporation (IITFC), a branch of the Islamic Development Bank, has provided funds worth US$265mn to Egyptian General Petroleum Corporation (EGPC)
Syndicate of banks grant NNPC US$1.5bn loan to pay off debts
Nigerian state oil firm NNPC has been granted a loan of US$1.5bn by a syndicate of Nigerian and international banks to allow the company pay off its debts to international fuel traders
Nigerian offshore oil and gas industry to receive help from US agency
The US Trade and Development Agency (USTDA) has revealed plans to help Nigeria meet the logistical and engineering needs of its offshore oil and gas industry
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