Petrobras poised to take first shipment of US LNG
Chinese development banks lent a total of $29.1 billion to Latin America in 2015 – nearly triple the amount of 2014, and more than the combined lending from the Inter-American Development Bank and World Bank. The loans are the second highest annual amount lent by China’s policy banks towards extractives and infrastructure in the Latin America and the Caribbean (LAC) region, according to a new report from the Inter-American Dialogue think-tank.
Sponsored Editorial: EuroChem Group AG, a global top 10 agrochemical company, received an early Christmas present on December 22nd by closing its long-awaited €557 million export SACE backed non-recourse project financing. The financing was signed by EuroChem Northwest to construct a new ammonia plant in Kingisepp, north-west Russia.
Low oil prices prompted BNP Paribas last week to “halt” any new US reserve-based lending (RBL) from its Houston office. Sources state other lenders will continue to offer RBL loans but warn that the current price of oil means banks are set to sharply “adjust” their existing loans to oil firms. Sources warn that RBL borrowers could see stricter terms being introduced to existing deals.
Equant Analytics has calculated that global trade is $2.1 trillion higher than the World Trade Organisation's (WTO) official figures. TXF speaks with Equant's co-founders CEO Dr. Rebecca Harding and CIO Thanos Papasavvas to find out more.
As oil prices reached 12-year lows with wide-ranging consequences for the petroleum industry, Lundin Petroleum (Lundin) sealed the largest-ever reserve-based lending deal for an upstream oil and gas company in Europe.
Reliance Industries’ latest €950 million ($1.04 billion) export credit agency (ECA)-backed deal is expected to push its capital expenditure spree in refinery and petrochemical expansion projects to approximately $17 billion.
Traders have been stepping in to fill commodity financing gaps left by banks in recent years. Is this a temporary stopgap or a permanent shift in the financing sphere? Hitendra Jain, director of Asia Global Commodities, discusses the evolving role of traders in today’s world.
We are delighted to announce that our annual June export and agency finance jamboree will this year be taking place in the Eternal city. TXF Rome 2016 will take place at the Waldorf Cavalieri on the 9th and 10th June. You can see what we’ve got planned and who is confirmed here.
2016 is set to be a year of change. Trade sanctions on Iran have been suspended; those on Russia, on the contrary, have been extended for another six months. Compliance regulations are more stringent than ever, limiting banks’ ability to trade. Geoff Wynne, partner at law firm Sullivan & Worcester, gives TXF’s Hesham Zakai a few words of advice about how to navigate the complex legal landscape of trade in 2016.
Ali Darzi, founder and principal of Iran Foreign Investment Consultants (IranFIC), discusses the cover available for foreign investments in the Persian country.