Financial and Banking News


Sonatrach Gets Japanese Buyer's Credit

The Export-Import Bank of Japan on 8 May signed a buyer's credit for Sonatrach of Algeria with an aggregate principal amount not exceeding Y2.7bn ($19.3mn). The loan is ear- marked for the purchase of Japanese goods and services required by Sonatrach for the construction of an oil separation and gas compression plant in Hassi-Messaoud. The credit runs for approximately 10 years, with Eximbank...