NNPC reducing stake in Brass LNG
Nigeria National Petroleum Corp. (NNPC) is taking a US$ 2 billion dollar loan in order to unlock capital to push the project forward. The company plans to reduce its stake in the project as well.
Nigeria National Petroleum Corp. (NNPC) is taking a US$ 2 billion dollar loan in order to unlock capital to push the project forward. The company plans to reduce its stake in the project as well.
As energy demand is rising again, the year 2011 marks a turning point in the oil & gas industry with increased investments in the entire value chain.
CJV, a joint venture comprising of Chiyoda, as JV leader, CB&I and Saipem S.p.A., has been awarded the FEED contract for the Arrow LNG plant project.