VOL. XLV

No 10

11-March-2002

TURKEY

EIB Loans Turkey90Mn For Gas Storage Facility

The EuropeanInvestment Bank (EIB) loaned the Turkish Petroleum Corp (TPAO) 90mn for theconstruction of the countrys first major gas storage facility.A statement released by the bank on 4 Marchsaid the loan was signed on 28 February and that this is the first operationunder the new Special Action Program, which makes available financing of upto 450mn during 2001-2004 for key investments in Turkeysenergy sector. The...