USD 75.0319

0

EUR 88.9578

0

BRENT 41.38

-1.71

AI-92 43.32

+0.06

AI-95 47.44

0

AI-98 53.36

+0.11

Diesel 47.37

-0.08

105

BP, Japan, China Finance Gas Project in Indonesia

Oil giant BP has signed an $884m loan agreement with Bank of China and Bank of Tokyo-Mitsubishi

Oil giant BP has signed an $884m loan agreement with Bank of China and Bank of Tokyo-Mitsubishi to finance a gas project in Indonesia.

BP has been seeking loans to complete the project in Papua province, a key area for the company's ambitions to build a hub for its liquefied natural gas business in Asia.

The project is expected to produce 7.6 million tonnes of liquefied natural gas a year.