Tag: bank
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Oil and gas projects in Africa attract $16 billion in bank financing
The pace of implementation of oil and gas projects in Africa is accelerating in light of the growing demand for the two vital commodities. This prompted the governments of the countries of the continent to raise investment spending related to exploration and excavation activities. Indeed, entities outside the fossil fuel industry have begun directing their…
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Oil analysis after the collapse of the Silicon Valley bank.. Will OPEC + interfere?
Oil analysis shows that the collapse of the Silicon Valley bank left fears in global markets that prices would be affected by the crisis, which could prompt the OPEC + coalition to intervene. These fears, supported by the decline in crude oil prices for two consecutive days, pushed Brent crude to less than $79 a…
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Saudi Aramco signs a $6 billion deal with a Korean bank
Saudi Aramco signed an agreement with the Export-Import Bank of Korea, according to which the Korean bank will secure $6 billion to finance the projects of the Saudi oil giant. The Korea Export-Import Bank announced that the signing of the framework agreement with Aramco comes in a step that may help Korean companies win contracts…
