Heirs Energy has secured a $750 million financing package from the African Export-Import Bank (Afreximbank). The deal is designed to propel the indigenous energy company into a new phase of growth and lift its oil and gas production to about 100,000 barrels of oil per day and 250 million cubic metres of gas. The financing agreement was signed on Saturday in Abuja, marking one of the most significant recent commitments of African capital to an African-owned energy business. The facility is expected to strengthen Heirs Energy’s upstream operations while supporting…
Read MoreHEIRS ENERGY GRABS $750M AFREXIMBANK OIL AND GAS FACILITY
