Project Category
Project Category
BANKING AND FINANCIAL SERVICES
Project Description
Project Description
IFC and other commercial lenders are jointly considering a facility of up to $ 350 million in favor of Vitol Bahrain E.C., a subsidiary of Vitol Holding ("Vitol" or "the company"). Vitol is an energy and commodities company with physical trading, logistics and distribution being its core business. The latter is complemented by oil exploration and production, refining, shipping, terminals, power generation, mining and retail activities. Vitol have been awarded a contract to supply petroleum products to Ethiopia in 2015; these products will be shipped to the terminal in Djibouti. IFC has previously financed imports of petroleum products in Ethiopia in 2013 and 2014 (IFC project number 32846 and 34934 respectively)
Country
Country
Ethiopia
Our Reference Number
Our Reference Number
2000418150504
 
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