PAE requests IFC funding

PAE requests IFC funding

Loans Project & Infrastructure Finance Energy Gas Argentina

Argentina's Pan American Energy (PAE) has requested up to $400m in financing through IFC, according to documents on the multilateral agency's website. IFC could provide an A loan for $100m and also arrange a $300m B loan to finish the expansion of the Campana refinery in the province of Buenos Aires. IFC previously arranged a $378m A/B loan for the refinery in May 2016, when it was still owned by Axion Energy. British oil company BP and Argentina's Bridas agreed to merge PAE and Axion in 2017.

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