Middle East Economic Survey
EBRD Loans Kazakh Firm $10Mn To Support Drilling Modernization
The European Bank for Reconstruction and Development (EBRD) announced on 24 March the extension of a $10mn credit line to Zhanros Drilling, a private oil field services firm operating in Kazakhstans south-central province of Kyzyl Orda. Russian, Chinese and Canadian companies are exploring for oil in the region, although production is still limited. The five-year...