Financial and Banking News
REGIONAL BANKING
Financing Petroleum Projects Gets Harder
Declining and unstable oil prices, coupled with the need for commercial banks to reduce their exposure to the energy sector and the shrinking availability of development finance in the Arab world, mean that sources of finance for petroleum projects in the region have been sharply cut back, and future projects will have a harder time lining up the appropriate funding. This was the major conclusion of...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!