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Tag Archives: bank of china

Gazprom and Bank of China sign 2 billion euro, 5-year loan

Gazprom Russia energy

MOSCOW (AP) — The Bank of China will give Gazprom a 2 billion euro ($2.2 billion), five-year loan, the Russian state-run energy company’s largest loan agreement from a single credit institution. In a Thursday press release, Gazprom said this is the company’s first loan deal with the Bank of China. Driven by China’s growing energy needs, Beijing has been investing ...

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Consortium picked to build oil shale plant ‘might not secure financing’

Jordan flag

AMMAN – Stakeholders in Jordan’s first shale oil-fuelled power plant are facing difficulties securing finance for the project and may seek an extension of the deadline for financial closure, according to a partner in the project. They have until October 1 to secure finance for the $2.2 billion, 470 megawatt (MW) project, while they are facing difficulties at this stage ...

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