The OPEC Fund approves US$135m via fast-track process for El Salvador, Mozambique and Pakistan

Vienna, Austria, October 30, 2020. The OPEC Fund for International Development (the OPEC Fund) has approved public sector loans of US$35 million and US$50 million to support COVID-19 response efforts in El Salvador and Pakistan, respectively. A US$50 million private sector loan was also approved to help boost energy access in Mozambique. All loans were approved via the OPEC Fund’s fast-track process, adopted to ensure finance reaches those who need it most, quickly and effectively.

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Drilling restarts on Coral Sul FLNG

The Area 4 partners in Mozambique have resumed drilling on the Coral Sul project, according to regulator Instituto Nacional de Petróleo (INP).


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