MOBIL-NNPC GETS FUNDS FOR NIGERIAN PROJECT

Mobil Producing Nigeria and Nigerian National Petroleum Corp. (NNPC) have obtained financing for more than half of the $900 million estimated cost to develop big Oso gas/condensate field off Nigeria. The Mobil Corp. unit and NNPC last week signed agreements with international government and commercial banks for $530 million. Mobil expects to complete another $65 million in financing later this year. Among present lenders is World Bank, Washington, whose loan to NNPC is the bank's first for

Apr 29th, 1991
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