VOL. XLVII
No 17
26-April-2004
ENERGY FINANCE
Sonatrach Signs 1.6Bn Framework Financing Deal With Six Banks
Algerian state-owned oil and gas producer Sonatrach announced on 19 April that it has signed framework financing agreements worth 1.6bn with six European banks. ABN Amro and ING Belgium are providing 500mn each, Spains Santander is providing 200mn, Banesto is providing 150mn, Commerzbank is providing 150mn and DZ Bank is providing 100mn. The money is to be used for the companys 2004-08...
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