Jordan Marketing Limited (DFC-2017-JORDANMARKETIN)

Countries
  • Jordan
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Noble Energy International Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 20, 2020


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Project Description

According to bank documents, the project involves the supply of gas to National Electric Power Company (“NEPCO”) under a 15 year gas sale and purchase agreement (“GSPA”) by NBL Jordan Marketing Limited (“NBL”). NBL is owned by the Insured, through Noble Energy Mediterranean Limited (“NEML”), the operator of the Leviathan Field, and its Israeli partners in an unincorporated joint venture Avner Oil
Exploration Limited Partnership, Delek Drilling Limited Partnership, and Ratio Oil Exploration (1992) Limited Partnership (the “Leviathan JV Partners”). NBL will supply 45 billion cubic meters (“bcm”) of natural gas from the Leviathan gas field (“Leviathan Field”) offshore Israel to NEPCO under the GSPA (the “Project”). NEPCO’s payment obligations under the GSPA will be guaranteed by the government of Jordan (“GoJ”) (the “GoJ Guarantee”).

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
  • Noble Energy International Limited -- Financial Intermediary
Contact Information

*Contact information not provided at the time of disclosure*