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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Monday, October 2, 2023, the African Export-Import Bank (Afreximbank) agreement signing ceremony took place in Brazzaville. It is providing a $300 million facility to Trident OGX Congo in a transaction that is expected to increase the Republic of Congo's crude oil production by approximately 30 percent
.The $300 million reserve-based loan mechanism will allow Trident OGX Congo to implement a capital expenditure program to increase crude oil production from the Mengo-Kundji-Bindi II (MKB II) oilfields. Indeed, Trident OGX Congo will use the proceeds from the facility to partially finance and launch a seven-year development program on the MKB II permit area located on the coastal plains between Pointe Noire, the foothills of the Mayombe Mountains and the border with the Angolan enclave of Cabinda
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