Eni and Vitol AS (IFC-601850)

  • Ghana
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
Voting Date
Mar 31, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Eni Ghana Exploration and Production Limited and Vitol Upstream Ghana Limited
The holder of the loan, grant, or other investment.
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Oct 25, 2017

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Project Description

The Offshore Cape Three Points (OCTP) block is a large deepwater block located 55 to 60 km offshore in the Western Region of Ghana, with estimated discovered reserves of 132 million barrels of oil and 1,079 billion cubic feet of gas. The OCTP project will be developed by a joint venture composed of Eni Ghana Exploration and Production Limited (the operator of the block), Vitol Upstream Ghana Limited, and Ghana National Petroleum Corporation.

This project will support client efforts to design a comprehensive and practical Community Investment (CI) Strategy that meets the client’s objectives of delivering positive impact and cultivating constructive relationships with local community stakeholders. This will be achieved through a series of sequential activities, which will include in-country support with stakeholder engagements, capacity building, workshops, etc., and remote work to support client management and ownership of the CI strategy development process.

Investment Description
  • International Finance Corporation (IFC)
Contact Information


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