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BB Energy refinances RCF

Energy trader BB Energy has closed on a new $245 million revolving credit facility that replaces and extends existing debt

BAPCO appoints new chairman

Bahrain Petroleum Company (BAPCO) has appointed former board director Dawood Nassif as its new chairman

H1 2019 Trade Finance league tables

The momentum from Q1 2019 continued through the three months to 30 June, with the total value of transactions totalling just shy of $158 billion

New goals for BNDES

New president of the Brazilian development bank BNDES, Gustavo Montezano, has announced goals for the bank

Cost overruns at Oyu Tolgoi

Preliminary estimates for development capital spend at the Oyu Tolgoi copper and gold mine project in Mongolia have increased by between $1.2 billion and $1.9 billion, lead sponsor Rio Tinto has revealed

Indonesia approves Inpex’s Abadi LNG field

The Indonesian government has approved the revised development plan of development for Japanese oil developer Inpex’s Abadi LNG field

EIB, ICO agree financing for Iberdrola solar

The EIB and Spain's Instituto de Credito Oficial have agreed to provide financing for the development of Iberdrola's 391MW Núñez de Balboa solar PV project currently under construction in Extremadura

Zimbabwe joins Africa50

Zimbabwe has joined Africa50 as its 31st shareholder, becoming the 28th country and first Southern African state to join the pan-African infrastructure investment platform

IFC’s Scaling Solar to enter Togo

The IFC has signed an MoU with the government of Togo for 90MW of solar PV projects in the West African state – becoming the sixth country in the Scaling Solar programme

AIIB approves India renewables loan

Asian Infrastructure Investment Bank has approved a $100 million loan for India’s L&T Infrastructure Finance, which specialises in financing renewable energy

DFI approves loan for Bangladeshi water

An Asia-based development finance institution approved today a loan to a $210 million water project across Bangladesh

Aker Energy to issue bonds to AFC

Norwegian oil and gas company Aker Energy has signed with Africa Finance Corporation (AFC) an agreement to issue $100 million of convertible subordinated bonds to the DFI

China Exim lends on Bosnia & Herzegovina motorway

Details have emerged on the financing for the Banja Luka-Prijedor motorway PPP in Bosnia and Herzegovina, which reached commercial close late last year (2018)

IFC's Scalling Solar in Ethiopia delayed, again

The 12 prequalified bidding groups on the IFC's 300MW Scaling Solar tender in Ethiopia have been informed by the Ministry of Finance (MoF) of another deadline extension

CNOOC, Sinopec sign exploration agreement

Beijing-based oil and gas company CNOOC announced today (10 July 2019) that its subsidiary CNOOC China has signed a cooperation framework agreement with Sinopec to optimise potential exploration zones, moderate exploration risks and enhance the success rate of exploration wells off the coast of China

CAF to finance Argentine infrastructure

Latin American development bank CAF has approved a $300 million loan for regional infrastructure in Argentina

Total next to divest North Sea assets

Total is to divest several UK north sea assets to private equity firm HitecVision and Petrogas – the exploration and production (E&P) company backed by Oman-based conglomerate MB Holding – for $635 million