Oando

Oando Oil - Afrexim Facility

Borrower(s)
Oando
Industry
Oil & gas/Oil - Upstream (Exploration and production)
Area of finance
Commodity Trade Finance
Region
Africa
Africa
Countries
Nigeria

Deal Overview

African Export-Import Bank (Afreximbank) has successfully completed upsizing its reserve-based lending facility in favour of Oando Oil Limited to US$375 million. The upsizing will support Oando’s ambition to achieve production of 100,000 barrels of oil per day and 1.5 billion cubic feet of gas...

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Deal Volume
$375m
Financial Close
01/07/2025
Dealmakers

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Tranches

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