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...