Project Finance

US$10bn gas deal for Abu Dhabi National Oil Company

Abu Dhabi National Oil Company has entered into a joint venture with ConocoPhillips to develop the Shah gas field in the south of the United Arab Emirates, together with a natural gas processing plant, new natural gas, liquid and sulphur pipelines.

Deutsche Bank advises on Polish motorway project

The Polish minister of infrastructure, Autostrada Wielkopolska S.A. II, the European Investment Bank and Deutsche Bank have officially signed agreements in Warsaw for the €1.6bn financing of the105km A2 motorway section Nowy Tomysl – Swiecko (at the German-Polish border).

PepsiCo to invest US$1bn in Russia

PepsiCo, one of the world's largest food and beverage companies, has announced plans to invest US$1bn in Russia over three years, together with its partner The Pepsi Bottling Group (PBG). The investment will bring the cumulative investment in Russia by PepsiCo and PBG to over US$4bn.

Addax Petroleum in US$7.2bn takeover

On June 24, Sinopec, a Chinese international petroleum exploration and production company, will take over Addax Petroleum, a Swiss-based international oil and gas explorer with a strategic focus on West Africa and the Middle East, in a US$7.2bn deal.

Gazprom and NNPC set up Nigerian JV

On June 24, as part of the official visit by Russian president Dmitry Medvedev to Nigeria, Gazprom and the Nigerian National Petroleum Corporation signed an agreement on setting up a joint venture on a parity basis.