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LN24 > Blog > crude oil exports
10
Oct

Trump Envoy Retained Financial Ties to Firm Behind $15 Billion Hormuz-Bypass Oil Pipeline Plan

  • LN24 / 2 weeks
  • 0
  • 3 min read

Thomas Barrack, a senior US diplomatic envoy under President Donald Trump, maintained financial ties to a real-estate venture managed by an investment firm he reportedly advocated for a $15 billion oil pipeline project designed to bypass the strategically vital Strait of Hormuz, according to a Reuters investigation. Barrack, who serves as the US special envoy […]

04
Aug

Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility

  • LN24 / 3 months
  • 0
  • 3 min read

Government says restructuring will improve liquidity, reduce short-term repayment pressure, and support energy-sector reforms Nigeria’s federal government has approved the refinancing of a $4.5 billion oil-backed facility involving the Nigerian National Petroleum Company Limited (NNPC Ltd.), in a move aimed at easing near-term debt obligations and improving cash flow for the state-owned energy company. The […]