Angolan state oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol) and Argentine company Plus Petroleum have started producing oil at an onshore block with four wells in Angola’s Cabinda province. It is currently producing 1,000 barrels of oil per day according to Angolan daily newspaper Jornal de Angola. The newspaper said that production would increase to 5,000 barrels per day in November once the 45-day test production stage was over. The managing director of Plus Petroleum, Read more [...]

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PSA Finance Argentina Compania Financiera S.A. ("PSA Finance Argentina") (Aa2.ar/NR/AA(arg)), which is 50/50 owned by Banque PSA Finance and BBVA Banco Francés, raised AR$ 98.1 million (approximately €13 million) in two tranches on September, 30h 2013 : - Variable series: AR$ 78.8 million on a 22 month average maturity with a floating private BADLAR rate plus 4% margin. - Fixed series: AR$ 19.3 million with a fixed rate of 22.75% on a 9 month and 12 month maturity. Read more [...]