Apicorp Extends Loans for Arab Petroleum Projects
The OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp) hasapproved the extension of five loans for petroleum-related projects in Arabcountries during the past few months, as follows:
- A loan for $70mn in favor of the Transmediterranean Pipeline Company ownedjointly by Sonatrach and Snam. The purpose of the loan was to re-finance theexchange of loans from the international market. Apicorp...