Middle East Economic Survey
VOL. XLVII
No 50
13-December-2004
AID
IFC Invests $25Mn To Finance Oil & Gas Activities In Egypt And Bulgaria
The International Finance Corporation (IFC) announced on 8 December a $25mn investment to finance Melrose Resources subsidiaries to support oil and gas activities in Egypt and Bulgaria. While a precise split of the funds has not been provided, MEES understands that Melrose expects significant growth in its Egypt operations and therefore much of its...
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