MIGA INVESTMENT GUARANTEES OIL AND GAS SECTOR WORLD BANK
March 1st, 2006
BY KEITH NUTHALL
THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Oil and gas companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and at December 2005, MIGA had supported 13 oil and gas projects, with guarantees totalling US$707 million, with a standard leverage of five-to-one, so investments covered are actually five times larger. Oil and natural gas is a small - roughly ...
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