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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