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Orca Energy Group Inc. Announces Prepayment of International Finance Corporation Loan and Supplementary Gas Sales Agreement with Tanzanian Entities
Feb 24, 2025•over 1 year ago
Contract Type
agreement
British Virgin IslandsEnergyOil And Gas
Description
Orca Energy Group Inc. has announced the permanent prepayment of a US$60 million investment made by International Finance Corporation in its operating subsidiary, PanAfrican Energy Tanzania Limited, and the settlement of a Supplementary Gas Sales Agreement with Tanzania Petroleum Development Corporation and the Tanzania Portland Cement Company Limited. This prepayment and agreement mark significant financial and operational developments for the company.
Company Information
Company
Orca Energy Group
Location
British Virgin Islands
About
Orca Energy Group Inc. is an international public company engaged in natural gas development and supply in Tanzania through its subsidiary, PanAfrican Energy Tanzania Limited. The principal asset of Orca includes an indirect interest in a Production Sharing Agreement (PSA) with the Government of Tanzania and Tanzanian Petroleum Development Corporation. Orca is committed to supporting the Tanzanian economy and has a long-standing involvement in natural gas production.
British Virgin IslandsEnergyOil And Gas