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Shell Aiding Ghana Oil Company to Raise Funds for Crude
Apr. 12, 2011 11:16AM PST
Oil and Gas InvestingBloomberg reported that Royal Dutch Shell Plc (LON:RDSA) will assist Ghana in raising money to fund the Terna Oil Refinery.
Bloomberg reported that Royal Dutch Shell Plc (LON:RDSA) will assist Ghana in raising money to fund the Terna Oil Refinery.
The market news is quoted as saying:
Shell’s role as a guarantor to the Ghanaian company in the transaction requires that it gets the oil shipments and then make sales in order to repay the banks.