Shell Aiding Ghana Oil Company to Raise Funds for Crude

- April 12th, 2011

Bloomberg 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.

To read the full market news, click here.

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