Sankofa Oil and gas

Terkper Hunts For US$2bn From China

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The government has revived talks with the China Development Bank (CDB) for the remainder of the almost US$2 billion loan facility it abandoned in 2014. The government suspended discussions with the Chinese bank after the country utilised the first tranche of US$ 1 billion from the US$3 billion loan agreed with China in 2011. The … Read more

Gov’t Negotiates To Access Remaining US$3bn Chinese Loan

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Government is in strategic negotiations with Chinese authorities to access the remainder of the US$3 billion loan for energy and gas infrastructure projects, Seth Terkper, Finance Minister has said. This loan will be repaid by leveraging revenue flows from lean gas from the country’s Jubilee oil field. The China Development Bank (CDB) disbursed US$1billion of … Read more