IFLR1000

Ghana National Petroleum Corporation €350 million loan facility

5/12/2015
Financing
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€ 350 million

$ 376.663 million

Completed

5/12/2015

Overview:

  • The Ghana National Petroleum Corporation has obtained a €350 million loan facility.
  • Trafigura acted as lender.
  • Given Trafigura's status as an international body, the Ghanaian court reviewed whether this transaction should be characterized as an international deal, ultimately coming to the conclusion that it should not be.

Kurt Stumpo - Journalist 

Jurisdiction:

Ghana

Deal type:

Financing

Practice area:

Banking

Governing law:

England and Wales

Industry sector:

Oil and gas

Firms:
Clifford Chance

Party: Trafigura (Lender)

ENSafrica

Party: Trafigura (Lender)

Lawyers: Paa Kwesi Morrison, Rachel Dagadu

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