A subsidiary of the Chilean state-owned company Empresa Nacional del Petroleo, a leading oil and gas exploration and production company in Latin America, has taken a $150 million loan to expand offshore oil and gas work in Argentina.
Jones Day advised Citibank N.A. and Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria, along with some affiliates, as lenders to the multi-draw term loan to the subsidiary, Enap Sipetrol Argentina S.A.
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