NO. 11 


Financial and Banking News

Regional Financing 

Iran Secures More Financing for Arak Phase 2: Finance for Tabriz in Sight 

Iran's National Petrochemical Company (NPC) has secured an export credit-backed loan for about $150mn to cover work by Davy-Mckee and a Speichim subsidiary on the second phase of the Arak Petrochemical complex. The loan has been held up since the beginning of this year as a result of continuing difficulties...