Barely two months after Shoreline Group sealed a $530 million finance deal with Vitol Group and local lenders, including Union Bank Plc, Ecobank Transnational Inc., Fidelity Bank Plc and FCMB Group Plc, another Nigerian independent producer, Amni International, has sealed a $270 million loan deal with Guaranty Trust Bank Plc and a subsidiary of Royal Dutch Shell Plc, Shell Western Supply and Trading Plc.
The terms of loan will give Shell Western Supply and Trading Plc sole access to the 16,000 barrels per day (bpd) of oil the company pumps in two fields off Nigeria's oil-rich Delta region.
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