Tag: resource-backed financing

Trafigura seals $1 billion Gabon oil deal, secures supply, boosts funding
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Trafigura pays $1 billion for Gabon oil, tightening grip on Africa output

Singapore-based commodities trader Trafigura has agreed to a $1 billion prepayment deal with Gabon, securing future crude supplies in a move that highlights the growing use of oil-backed financing across Africa.  The agreement gives Gabon immediate access to funds at a time when many resource-rich economies are looking for ways to steady public finances and fund development without taking on…

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