VOL. XXXVIII
NO. 52
25-SEPTEMBER-1995
Sudan
Arakis's Financing Deal With AGI Falls Through
The much-touted deal between the Vancouver-based Arakis Energy and theSaudi-owned AGI group for a $750mn financing package for the development ofoilfields in the Sudan has now collapsed due to non-performance of financialcommitments and amid a welter of class-action lawsuits by shareholders againstArakis.
Arakis Energy announced in a press release issued on 19 September that it hadterminated its agreement...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!