Nigeria to Get $2 Billion Loan From Japan to Fund LNG Plant
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State-owned Nigerian National Petroleum Corp. plans to accept a $2 billion loan from a group led by the Japan Bank for International Cooperation to fund its share of a $5 billion liquefied natural-gas project.
NNPC, as the company is known, will cut its stake in the proposed Brass LNG plant in the oil-rich Niger River delta to 30 percent from 49 percent, according to Levi Ajuonuma, a spokesman.