Poland’s first carbon storage project secures legal adviser.
Project Finance
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.
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).
Gama Energy, a joint venture between Gama Holding and General Electric Energy Financial Services, is investing US$1bn in a project that would help Jordan solve its water problems.
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.
A joint venture between Qatar Petroleum and Exxon Mobil plans to sell up to US$2.3bn in bonds to finance the expansion of LNG facilities, according to reports.
European financing for a hydroelectric plant in Turkey was suspended on July 7 after Turkey failed to offer environmental protections in the area around the Tigris River where antiques from the Middle Ages will be flooded by the dam.
Capinnova Investment Bank, the shariah-compliant investment banking arm of Bank of Bahrain & Kuwait (BBK) is to co-invest in a US$50mn project in
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.
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.