Standard Bank encourages Brazilian companies to explore opportunities in Africa
Published by David Rowlands,
Reuters reports that whilst Jair Bolsonaro, the next President of Brazil, has stated his intentions to focus on relationships with advanced economies, Standard Bank is reportedly betting on the need for Brazilian companies to diversify abroad in order to bounce back from a domestic recession.
Standard Bank already serves a number of Brazilian companies in the African continent, including Vale and Petrobras. According to Reuters, however, the bank believes there is an opportunity for other companies to get involved, especially with regards to two major LNG projects in Mozambique. According to Reuters, these projects have a combined investment projected at approximately US$55 billion.
Read the article online at: https://www.lngindustry.com/floating-lng/07112018/standard-bank-encourages-brazilian-companies-to-explore-opportunities-in-africa/
You might also like
Fratelli Cosulich launches first bunkering vessel
Fratelli Cosulich has announced that the christening and launch of the first of its two small scale and bunker vessels took place on 22 March 2023, at the CIMC Sinopacific Offshore & Engineering shipyard in China.