News
29 July 2020

Nigeria in $1.5bn oil prepay deal with traders Vitol, Matrix

In:
Oil & gas
Region:
Middle East & Africa

Nigeria’s state oil firm NNPC has signed a $1.5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy - the first such agreement since the coronavirus pandemic, according to two sources.The financing package, called Project Eagle, was also...

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