Oil traders begin Russian crude clean up; EBRD eyes RBL for Midia Gas Development project, and CapitalBay to run peer-to-peer financing platform
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
The EBRD is considering providing a senior secured reserve-based loan (RBL) alongside a mix of international and local banks for the $400 million Midia Gas Development (MGD) project in Romania – the first new offshore gas development in the Romanian Black Sea basin since 1989
Oil traders are starting the slow process of cleaning up cargoes of Russian crude that were loaded onto tankers at a port in the Baltic Sea during a contamination crisis
Supply chain finance group CapitalBay has received the approval from the Securities Commission Malaysia to operate a peer-to-peer financing platform
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