VOL. XLVI

No 44

3-November-2003

PROJECT FINANCE

Ex-Im Bank Gives Preliminary Approval For $1Bn Credit Line To Sonatrach

The Export-Import Bank of the United States (Ex-Im Bank) announced on 27 October that it has given preliminary approval for a $1bn line of credit to Algerian state-owned Sonatrach to support the purchase of US equipment and services. Ex-Im Banks Board of Directors approved the preliminary commitment to help finance several Sonatrach oil and gas development and optimization...