The United Nations has purchased a large tanker to store roughly 1.1 million barrels of oil. the oil is currently stored on a decaying vessel of the coast of Yemen, and officials have been warning that an environmental disaster is imminent for several years. The oil will be transferred to the UN’s tanker in a bid to protect the Red Sea and Yemen’s coastline from an oil spill.
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Advario Secures €650 million Corporate Refinancing
Advario has finalised a €650 million corporate refinancing, strengthening its financial flexibility to support the company’s strategic goal of playing a leading role in the energy transition. This financing arrangement