Equatorial Guinea: Ophir turns to alternative Fortuna funder
Issue 360
- 21 Dec 2017
| 1 minute read
Ophir Energy said on 18 December it is turning to an alternative funding source for the Fortuna liquefied natural gas project after failing to secure a deal with a consortium of three Chinese banks. Ophir said it was prioritising a solution that would see “a leading Asian bank” provide funding of up to $1.2bn on similar commercial terms to those agreed earlier this year with the Chinese consortium
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