Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

YEMEN

IFC-SOCO International Credit Facility To Assist Block 10 Development

The International Finance Corporation (IFC) has signed a seven-year revolving credit facility of up to $45mn with SOCO International, an oil and gas exploration and production company with interests in Yemen The financing will help to fund SOCOs growing development investment program in emerging markets, particularly Yemen and Vietnam, said the IFC. Somit...