Middle East Economic Survey

VOL. XLVIII

No 50

12-December-2005

TURKEY

World Bank Loans Turkey $325Mn For Gas Project

The World Bank on 29 November announced that it had approved a loan worth $325mn for a gas sector development project in Turkey that would be carried out by the countrys state-owned pipeline company Botas. The project has two components an underground storage facility and the expansion of the gas network and its objective is to increase the reliability and stability of gas supply...