Letter of credit

  • GNPC Received $500m LOC for Sankofa Gas

    GNPC Received $500m LOC for Sankofa Gas

    Wednesday, 5th October 2016
    HSBC and Standard Chartered issued a $500m letter of credit (LOC) to Ghana National Petroleum Corporation (GNPC) to guarantee payments for gas extracted in 2018 from the offshore Sankofa field.
  • Banque du Caire Issues Letters of Credit Worth $36m to EGPC

    Banque du Caire Issues Letters of Credit Worth $36m to EGPC

    Tuesday, 28th April 2015
    Ayman Mukhtar, General Director of the Banque du Caire’s Corporate Credit Sector, announced that his bank has agreed this week to open a credit line worth $36 million for EGPC to import crude oil.