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ADVISORY/Texaco And Sonangol Retain Citibank as Financial Advisor and Invite Tenders for Feed Contract.


Business Editors/Energy Writers

ADVISORY...for Tuesday Tuesday: see week.  (May 15)

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--(BUSINESS WIRE)

Angola's state-owned oil company, Sonangol, and Texaco continue to advance the proposed Liquefied Natural Gas liquefied natural gas: see under natural gas.
Liquefied natural gas (LNG)

A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents.
 (LNG LNG (liquefied natural gas): see under natural gas. ) project in Luanda, Angola.

It was announced May 15 that Citibank has been retained as financial advisor for a financing feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented.  and that the project has issued an invitation to four consortia to bid for a front-end engineering design (FEED) contract.

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Publication:Business Wire
Geographic Code:6ANGO
Date:May 15, 2001
Words:156
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