UTM Offshore, Afreximbank sign project preparation facility financing deal

July 3, 2022 AELEX Admin 0 Comments


African Export-Import Bank (Afreximbank) has executed a project preparation facility financing head of terms with UTM Offshore Limited (UTM). The bank said in a statement at the weekend said:  “Under the deal signed during the banks’ 29th  Annual Meetings in Cairo, Egypt last week, it will part-finance activities designed to progress the first Floating Liquefied Natural Gas (FLNG) project in Nigeria to bankability.”


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