Plexus Holdings PLC has announced that it will supply its high-pressure and high-temperature POS-GRIP wellhead equipment to Glencore Exploration Cameroon Ltd for gas well drilling offshore Cameroon
Technology
Chinese firm ties up with Nigerian company to set up US$7.5 billion refinery
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
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
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