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Project Financing for Nghi Son Oil Refinery and Petrochemical Complex Project in Vietnam
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed on June 4, a loan agreement totaling up to 1.65 billion U.S. dollars (JBIC portion) with Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP), a company in the Socialist Republic of Vietnam, for a construction project of Nghi Son Refinery and Petrochemical Complex. The loan, provided in project financing1, is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, Mizuho Corporate Bank, Ltd. and other financial institutions, which brings the overall cofinancing amount to 5 billion U.S. dollars. The cofinanced portion is either guaranteed or insured by Nippon Export and Investment Insurance (NEXI) and other foreign export credit agencies.

date.png07 Jun 2013 11:48 | comments.png 0 Comments | tags.png asia jbic refinery vietnam [ More ]

Loan for Acquisition of Interests and Development of Oil Fields in British North Sea
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement totaling up to 881 million U.S. dollars with JX Nippon Exploration and Production (U.K.) Limited (JXNEPUK), which is a British corporation wholly owned by JX Nippon Oil & Gas Exploration Corporation (JX). The loan is cofinanced with private financial institutions.

date.png25 Apr 2013 15:42 | comments.png 0 Comments | tags.png europe jbic nippon uk upstream [ More ]

Loan for Acquisition of Interests and Development of Prelude Floating LNG Project in Australia
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today, a loan agreement amounting up to 600 million U.S. dollars (JBIC portion) with INPEX CORPORATION (INPEX). The loan is cofinanced with Mizuho Corporate Bank, Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Sumitomo Mitsui Banking Corporation, with the overall cofinancing amount totaling 1 billion U.S. dollars.

The loan is intended to finance INPEX Oil & Gas Australia Proprietary Limited, a wholly-owned subsidiary of INPEX in Australia, for acquiring, from Australian subsidiary of Royal Dutch Shell (Britain and Netherlands; Shell), a 17.5% participating interest in the block containing the Prelude and Concerto gas fields, located approximately 475km north-northeast of Broome, off the coast of Western Australia, and for producing natural gas and processing it into liquefied natural gas (LNG) by utilizing floating LNG (FLNG) technology.

FLNG technology is a new gas development technology whereby natural gas from offshore gas field is processed into liquid and stored on a large vessel equipped with an LNG plant and directly offloaded to an LNG carrier for shipment. Compared to constructing a liquefaction plant onshore, it does not need to lay down gas pipelines or develop the onshore area for installing conventional facilities including liquefaction plant. Therefore, it requires less initial investments and minimizes the environmental impact. In addition, since an FLNG vessel can move to other offshore gas fields, it is promising way of developing small- and medium-scale offshore gas fields. Participating in the world's leading FLNG Project led by Shell will also serve INPEX to acquire knowhow on FLNG projects.

JBIC will continue to actively support Japanese businesses for developing and acquiring interests in energy and mineral resources by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function, thereby contributing to Japan's energy security.

date.png05 Feb 2013 17:39 | comments.png 0 Comments | tags.png australia inpex jbic lng shell [ More ]

Signing MOU with ADNOC
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a memorandum of understanding (MOU) with Abu Dhabi National Oil Company (ADNOC), the national oil company of the Emirate of Abu Dhabi, United Arab Emirates (UAE) for further strengthening of their comprehensive strategic partnership.

date.png12 Dec 2012 19:13 | comments.png 0 Comments | tags.png adnoc jbic m-east uae [ More ]

Loan for Renewal of an Oil Field Interest in Abu Dhabi of UAE
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement amounting to 150 million U.S. dollars (JBIC portion) with Abu Dhabi Oil Co., Ltd. (ADOC). This loan is cofinanced with Mizuho Corporate Bank, Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Sumitomo Mitsui Banking Corporation, which brings the overall cofinancing amount to 250 million U.S. dollars.

date.png09 Nov 2012 13:42 | comments.png 0 Comments | tags.png jbic m-east uae upstream [ More ]

Woodside and JBIC Sign Memorandum Of Understanding
Woodside has signed a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) aimed at supporting Japan’s requirement for stable and long-term energy supplies.

date.png02 Nov 2012 06:59 | comments.png 0 Comments | tags.png australia japan jbic lng woodside [ More ]

Energy and Natural Resources Financing for the Shale Gas Project in Canada
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement totaling up to 650 million Canadian dollars (JBIC portion) with Cutbank Dawson Gas Resources Ltd. (CDGR), a subsidiary of Mitsubishi Corporation (MC) in Canada. The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Mizuho Corporate Bank, Ltd.

This loan will finance capital investments required of CDGR in connection with its subscription of 40% interest in a partnership which owns the shale gas assets in the Montney land in British Columbia, plus additional potential lands tapping the Cadomin and Doig geological formations. Encana Corporation, Canada's largest natural gas producer, is the operator and managing partner of this partnership.

Canada is endowed with vast shale gas reserves and has great potential as a new natural gas supplier for the markets in the Asia-Pacific region. The participation of MC in this project to secure gas interests in North America will contribute to Japan's energy security by diversifying the natural gas supply sources and easing the demand-supply balance in the Asian liquefied natural gas (LNG) markets.

MC is also planning to produce LNG in its production facilities that are going to be built on the western coast of British Columbia by using the natural gas produced from this shale gas project and the shale gas project in the Cordova Embayment*1, and to export the output to Japan and the Asian region. This project is expected to make Canada, which is politically stable and a relatively short distance from Japan, a new LNG supply source, thereby contributing to the diversification of Japan's LNG supply sources.

JBIC will continue to actively support Japanese businesses that promote the development and acquisition of energy resources by drawing on its various financial facilities and schemes for structuring projects, and by performing its risk-assuming functions.

date.png14 Aug 2012 07:54 | comments.png 0 Comments | tags.png canada gas jbic mitsubishi n-america shale upstream [ More ]

Buyer's Credit for Atyrau Oil Refinery Modernization Project in Kazakhstan
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a buyer's credit (export credit) agreement totaling up to 178.5 million U.S. dollars (JBIC's portion) with LLP Atyrau refinery (AR), a subsidiary of state-owned oil and gas company JSC NC KazMunayGas in the Republic of Kazakhstan that is engaged in oil refining and the marketing of petroleum products. This loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), and Nippon Export and Investment Insurance (NEXI) provides Buyer's Credit Insurance for the portion cofinanced by BTMU. The overall cofinancing amounts to 297.5 million U.S. dollars.

This loan will mainly fund the purchase of a fluid catalytic cracker (FCC) and associated plant equipment through Marubeni Corporation as part of the modernization project intended to minimize the environmental impact of the manufacturing process in the Atyrau Oil Refinery operated and maintained by AR in Atyrau City, Kazakhstan.

Kazakhstan, endowed with an abundance of oil and natural gas, has sustained growth centered around natural resource development. The government had set the objective of modernizing and diversifying the country's industry in its Five-Year Plan that started in 2010. This Project is expected to meet the domestic demand of petroleum products through the modernization of the relevant facilities. JBIC's support for the export of FCC and associated equipment by a Japanese company will lead to the creation of business opportunities in the oil refinery and petrochemical sectors, thereby contributing to maintaining and improving the international competitiveness of Japanese industries.

JBIC will continue to actively support Japanese firms for their export of plant equipment, as well as overseas business deployment, by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.

date.png08 Aug 2012 19:55 | comments.png 0 Comments | tags.png c-asia jbic kazakhstan kazmunaygas refinery [ More ]

Japan provides new funding to Venezuela for a billion dollars for oil projects
Among the agreements reached at the Fourth Steering Committee for Energy Cooperation and Japan Venezuela highlights the financing for the expansion of the El Palito refinery for $ 800 million and 200 million loan dollars for the procurement of goods and oil services, resources will be provided by the Japan Bank for International Cooperation (JBIC, for short) and other Japanese companies.

The two countries renewed the memorandum of understanding to promote cooperation in oil and gas between JOGMEC companies, Marubeni and PDVSA, another for the use of coke Venezuelan electricity generation supported by Mitsubishi and one between Itachi, Marubeni and PDVSA to increase the recovery factor in mature fields, including the financing of JBIC.

"We want the economies of Japan and Venezuela are complementary," said People's Minister of Petroleum and Minerals and President of Petroleos de Venezuela, Rafael Ramirez, during his speech at the closing session of the Fourth Committee of Management of the energy cooperation relations between both countries.

Ramirez, who was accompanied by the holder of the office of Economy, Trade and Industry Japan, Yukio Edano, said that Venezuela provides " strategic importance to our relationship with Japan and that's why we look at the highest level. "

PDVSA president said Venezuela has the largest oil reserves in the world with 600 million 297 thousand barrels of oil certificates, natural wealth that gives the country an important role in the global economy.

Minister Ramírez said that the world faces a severe economic crisis, which results in increased competition for natural resources. Therefore stressed the importance of Venezuela, the largest oil province of the planet that has a reservoir of oil for the next 300 years.

He said that since the relaunch of bilateral ties with Tokyo boosted by Commander President Hugo Chavez, "the relationship between the two countries has reached an excellent level."

For his part, Minister of Economy, Trade and Industry of Japan, Yukio Edano, said that talks between both delegations were carried out dynamically: "For Japan, Venezuela is a very important partner, so we expect the exchanges will be further deepened. "

During the fourth meeting of the Steering Committee Venezuela and Japan continued the effort begun by Tokyo and Caracas in 2009, when the first efforts were to harness the potential of existing resources within the Venezuelan territory with the technological strength and financial capacity of the Japanese to realize joint projects in the hydrocarbons sector.

date.png25 Apr 2012 05:58 | comments.png 0 Comments | tags.png jbic refinery s-america venezuela [ More ]

Energy and Natural Resource Financing for Gorgon LNG Project in Australia
The Japan Bank for International Cooperation (JBIC; President & CEO: Hiroshi Watanabe)*1signed today a loan agreement totaling up to 211.4 million U.S. dollars (JBIC portion) with Osaka Gas Gorgon Pty Ltd (OGG), a wholly-owned subsidiary of Osaka Gas Co., Ltd. (Osaka Gas) in the Commonwealth of Australia. The loan, provided in project financing,*2 is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (lead arranger). The overall cofinancing amounts to 302 million U.S. dollars.

date.png25 Mar 2012 12:51 | comments.png 0 Comments | tags.png australia jbic lng osaka-gas [ More ]
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