OAO Yamal LNG (“Yamal LNG”) announced the signing of agreements with the Export-Import Bank of China and the China Development Bank on two 15-year credit line facilities for the total amount of EUR 9.3 billion and RMB 9.8 billion at EURIBOR 6M plus margin of 3.30% at the construction stage and 3.55% after the full commissioning of the Yamal LNG project and SHIBOR 6M plus margin of 3.30% and 3.55% respectively.
OAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2016 prepared in accordance with International Financial Reporting Standards (“IFRS”).
Total has joined the Terrawatt Initiative, as a founding member. This global non-profit organization represents key private sector solar energy stakeholders in their dialogue with governments and international organizations. It aims to promote affordable solar energy worldwide. The goal is to deploy more than 1 terawatt (1 000 gigawatts) of solar power by 2030, representing an investment of over $1 trillion.
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.
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