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- Panoro Energy – Completion of Gabon

- Panoro Energy – Completion of Gabon
euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.

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MCB implements MITECH s TRAC collateral management system on a cloud

MCB implements MITECH s TRAC collateral management system on a cloud
ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.

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Africa Oil Announces Strong First Quarter 2021 Financial Results and the Signing of a New Facility to Refinance its Existing Term Loan

Africa Oil Announces Strong First Quarter 2021 Financial Results and the Signing of a New Facility to Refinance its Existing Term Loan News provided by Share this article VANCOUVER, BC, May 13, 2021 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ( Africa Oil , AOC or the Company ) is pleased to announce its financial and operating results for the three months ended March 31, 2021. The Company is also pleased to announce that it has achieved one of its primary objectives for 2021 with the signing of a new term loan agreement ( Corporate Facility ), to refinance its existing term facility ( Term Loan ) that is due to mature in January 2022. This achieves significant reduction in borrowing costs, strengthens the balance sheet and improves the Company s liquidity position. View PDF version

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MCB bankrolls use of floating LNG power plant in Senegal

MCB bankrolls use of floating LNG power plant in Senegal MCB bankrolls use of floating LNG power plant in Senegal Modified date: The Mauritius Commercial Bank (MCB) is providing financial support for the use of floating an LNG power plant in Senegal. Particularly, the East African country’s bank has granted US$ 60M participation in the syndicated project finance facility of US$ 140M to Karpowership, an inventor of modern Powerships. The finance facility will enable the İstanbul, Turkey, based company to run its 235 MW Powership dubbed the Karadeniz Powership Ayşegül Sultan, which is contributing to around 15% of the West African country’s electricity supply from the shores of Dakar since August 2019.

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Senegal ramps up electrification efforts

Senegal ramps up electrification efforts Published by: Sandy Bhadare at 27/04/2021 Funding of USD 60 million has been made available by Mauritius Commercial Bank, to support electrificatio. Funding of USD 60 million has been made available by Mauritius Commercial Bank, to support electrification and liquefied natural gas (LNG) development in Senegal. The project finance loan provided by Mauritius Commercial Bank (MCB) is the largest contribution to a total USD 140 million being made available to Karpowership, owner, operator and developer of Powerships, on which power plants are built. The total loan, including MCB’s commitment, will be used by Karpowership to run a 235-Megawatt (MW) Powership in Dakar, Senegal, which will be responsible for approximately 15% of Senegal’s total supply of electricity.

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