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Afreximbank, JE Energy sign $100 million agreement for Guyana crude oil export contracts

Dec 02, 2024•over 1 year ago

Contract Type

agreement

CairoFinancial ServicesFinanceLendingBanking

Description

Afreximbank has signed a $100 million Revolving Trade Finance Facility agreement in favor of JE Energy Limited to support its crude oil export contracts in Guyana. The agreement will enable JE Energy to finance the purchase and sale of crude oil from Guyana's Ministry of Natural Resources for international trade.

Company Information

Company

Afreximbank

Location

Cairo, Cairo, Egypt

About

The African Export-Import Bank (Afreximbank) is the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations.

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