WOODSIDE Petroleum is close to finalising a deal with Senegal's state-owned Petrosen to help finance part of the latter's 10% stake in the planned Sangomar development. The funding deal is believed to have attracted an interest rate close to 6.5%, said sources. This is not the arrangement offered last November, which is understood to have attracted a 7% interest rate to cover risk for phase one, rising to 13% as oil started pumping.
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