ANNOUNCEMENT 10 Jul 2018

On July 10th, 2018, Nippon Export and Investment Insurance Co., Ltd. (NEXI) supported 3 Japanese companies in their investment in Yinson Production Pte. Ltd.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

NEXI (2018) ガーナ共和国/FPSO保有・傭船事業向け投資案件(海外投資保険の引受)「Republic of Ghana / Investment case for FPSO owned · chartering business (underwriting of overseas investment insurance)」
https://www.nexi.go.jp/en/topics/newsrelease/2018070601.html

Inception date: 10 Jul 2018 | Removal date: open ended

Financial assistance in foreign market

On July 10th, 2018, Nippon Export and Investment Insurance Co., Ltd. (NEXI) provided a 12.4 billion yen loan (107 million USD) to Sumitomo Corporation, Kawasaki Kisen Kaifu Co., Ltd., and JGC Corporation for the investment in the holding and chartering operations of the floating oil and gas production storage unit and loading facilities in Ghana. The funding will go towards acquiring 26% of the shares of Yinson Production, an FPSO owning company operated by Malaysian Yinson Group. Yinson Production has a 15-year long-term FPSO chartering agreement with oil producing Eni Ghana Exploration and Production Ltd., an affiliate of major Italian company Eni SPA.

Floating Production Storage and Offloading unit (FPSO)
A vessel that produces oil and gas at sea, and stores the produced crude oil onboard for the eventual transfer to shipping tankers. 

AFFECTED SECTORS

 

AFFECTED PRODUCTS