Gas: Qatar signs a big check for Nigeria’s Lekoil field ($184 million)
The company, which specialises in oil exploration and production in Nigeria and West Africa, is set to receive a loan from Qatar’s sovereign wealth fund to develop its site off the Nigerian coast.
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▪ Gas: Qatar signs a big check for Nigeria’s Lekoil field ($184 million)
▪ The company, which specialises in oil exploration and production in Nigeria and West Africa, is set to receive a loan from Qatar’s sovereign wealth fund to develop its site off the Nigerian coast.
▪ https://www.africabusinessplus.com/en/801994/gaz-limportant-cheque-des-qataris-sur-le-champ-nigerian-de-lekoil-184-millions/
A binding loan agreement was signed for this project at the beginning of January 2020 between Lekoil 310 – the local subsidiary of the oil and gas group – and the Qatar Investment Authority (QIA), the Qatari sovereign wealth fund. According to the latest figures available, QIA had over $335bn billion in assets under management in 2017.
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