VOL. XLVI

No 10

10-March-2003

IRAN

ECGD Fast Tracks Service For UK Exporters Dealing With NIOC, NPC

The UKs Export Credits Guarantee Department (ECGD) announced on 28 February that it will provide support for UK exporters trading with National Iranian Oil Company (NIOC) for contracts of up to $20mn without the need for NIOC to enter into a structured finance arrangement. This follows a similar program announced by the ECGD on 17 January for the National Petrochemical Company (NPC) of Iran.

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