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January 16, 2017

UK-headquartered GE Oil & Gas is providing subsea production systems to a project, which will develop oil and gas fields approximately 60km offshore from the western side of Ghana’s coast. Following first gas production in 2018, the new fields are expected to continuously feed Ghana’s thermal power plants for more than 20 years. The contract will support jobs in Aberdeen and Bristol. This is the first time a European export credit agency has supported a financing structure of this kind and it is UK Export Finance’s first direct loan for a project in Africa. Read more…

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