Nigeria’s Lekoil hit by the cancellation of Qatari funding
The oil company believed it had concluded a loan agreement with the Qatari sovereign wealth fund for the financing of its Nigerian field only to discover the fraudulent practices of its intermediaries.
15/01/2020 at 17h22, by Aurelie Benoit
This development comes as a cold shower for Nigeria’s Lekoil. After the Qatar Investment Authority (QIA) announced the financing of its OPL 310 project on 2 January, the situation has been thrown into doubt. Indeed, the oil group – listed on the AIM in London – has reported fraud by its intermediaries.
Recommended articles
Air transport
06/07/2021 at 18h33, by Africa Business+
Minister Robert Dussey prepares for the arrival of Qatar Airways in Lomé
According to Jeune Afrique Business+ sources, Lomé and Doha held discussions to add the Togolese capital...
Advisory
09/04/2021 at 16h39, by Africa Business+
Qatar National Bank CEO Abdulla Mubarak Al-Khalifa and South Sudan sharpen their swords
The conflict between the Qatari bank and the African state gains momentum with the appointment of an...
Oil & Gas
21/07/2020 at 16h15, by Africa Business+
Aiteo Eastern Exploration and Production in debt restructuring talks with First Bank of Nigeria
Jeune Afrique Business+ has learned from the group managing director Victor Okoronkwo. le syndicat de...