VOL. XLV
No 5
4-February-2002
ALGERIA
Algeria痴 Sonatrach Secures$51.3Mn Export Credit From Societe Generale
Algerianstate-owned oil and gas company Sonatrach said on 28 January that it hadreceived an export credit worth $51.3mn from French bank Societe Generale (SG).SG is the sole arranger-lender-agent for the loan, which is being guaranteed100% by US export credit agency Ex-Im Bank. The transaction marks the firsttime that a non-US bank has signed a deal with Ex-Im and Sonatrach without...
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