VOL. XLVI
No 45
10-November-2003
CASPIAN
IFC Loan For Azerbaijan Pipeline And Oilfields Gets Show On The Road
After nearly a year of negotiations and hearings with lending institutions, the partners in the Baku-Tbilisi-Ceyhan (BTC) pipeline were greeted with the news on 4 November that the International Finance Corporation (IFC) would provide financial backing for the $3.6bn project. IFC approval is now expected to get the ball rolling for more financial support from other institutions like the...
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