NNPC, Chevron agree to raise $380m from foreign banks for two oil assets

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NNPC, Chevron agree to raise $380m from foreign banks for two oil assets

Ike Amos 19 November 2017, Sweetcrude, Abuja — Nigerian National Petroleum Corporation (NNPC) and its Joint Venture ( JV) partner, Chevron Nigeria Limited (CNL) Sunday, executed the second and final phase of an Alternative Financing Agreement that would see them raising $380 million from a consortium of international commercial banks to finance the developments of …

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