OPEC Fund for International Development

World Bank’s IFC, OPEC Fund Drag Ghanaian Firm To London Court

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International Finance Corporation (IFC), the private lending arm of the World Bank Group, has dragged indigenous Ghanaian company Quantum Oil Terminals Limited to a London High Court to restrain the Ghanaian company from litigating against IFC and OPEC Fund for International Development (OFID) in any court in Ghana in relation to a law suit against … Read more

OPEC Fund, IFC Sued For $41.3m

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QUANTUM Oil Terminals Limited has sued International Finance Corporation (IFC) and the OPEC Fund for International Development for damages totaling $41.3million ($41,319,123) as damages for alleged breach of contract. The amount includes fees and charges paid directly paid to IFC and OPEC Fund, fees and charges paid to various consultants at the direction of IFC … Read more