Aramco’s Credibility Wins it $10Bn Credit Facility Agreement

• Tuesday, 31st March 2015
• by Egypt Oil & Gas

Saudi Aramco has signed a new $10 billion standby revolving credit facilities agreement as part of the company’s strategy of maintaining financial flexibility. The agreement replaces the existing $4 billion facilities...

Bank Oil Swap Gives Goudron Go Ahead to Update Field Development Plan

• Wednesday, 18th March 2015
• by Egypt Oil & Gas

LGO Energy has announced that its wholly owned subsidiary, Goudron E&P Limited, has now drawn an initial $11.78 million from the $25 million pre-paid oil swap facility agreement with BNP Paribas to fully fund the ...

Saudi Aramco Seeking $10 Billion for Credit, Sources Say

• Thursday, 5th March 2015
• by Egypt Oil & Gas

Saudi Arabian Oil Co., the world’s largest oil exporter, is in talks with banks to raise a $10 billion revolving credit facility at cheaper pricing than Exxon Mobil Corp., according to three people familiar with the m...