Energean Oil & Gas
Description
The European Bank for Reconstruction and Development (EBRD) signed a loan deal with Greece's privately-owned sole oil producer to support existing and new projects. The EBRD said the financing follows a $75 million loan, agreed with Energean earlier this year, related to investment and development of the Prinos Field. The new loan will also support the introduction of new technology, investments to avoid gas flaring, and several resource efficiency investments to optimize the supply and use of energy.