Afreximbank Backs Shoreline With $200M for Algeria Oil
Northern Africa Africa Afreximbank Backs Shoreline With $200M for Algeria Oil By Samuel Ncube · July 24, 2026 · 3 min read Africa Intelligence A daily Africa read from a Latin American newsroom. Afreximbank approved a US$200 million revolving facility for Nigeria’s Shoreline and its partners. —The project. It backs a US$980 million EPC contract for Algeria’s Hassi Bir Rekaiz (HBR) oilfield, Phase 2a. —The output.
- ▪Northern Africa Africa Afreximbank Backs Shoreline With $200M for Algeria Oil By Samuel Ncube · July 24, 2026 · 3 min read Africa Intelligence A daily Africa read from a Latin American newsroom.
- ▪Afreximbank approved a US$200 million revolving facility for Nigeria’s Shoreline and its partners. —The project.
- ▪It backs a US$980 million EPC contract for Algeria’s Hassi Bir Rekaiz (HBR) oilfield, Phase 2a. —The output.
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Northern Africa Africa Afreximbank Backs Shoreline With $200M for Algeria Oil By Samuel Ncube · July 24, 2026 · 3 min read Africa Intelligence A daily Africa read from a Latin American newsroom. Free. Subscribe By subscribing you agree to our privacy policy. We never share your email. Africa · Energy Key Facts —The facility. Afreximbank approved a US$200 million revolving facility for Nigeria’s Shoreline and its partners. —The project. It backs a US$980 million EPC contract for Algeria’s Hassi Bir Rekaiz (HBR) oilfield, Phase 2a. —The output. A new processing facility aims to lift field output from about 13,000 to 50,000–60,000 barrels a day. —The owners. The contractor, Arkad, is majority-owned by Nigeria’s Shoreline Group; the field is a Sonatrach–PTTEP–CEPSA venture. —The payoff.
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