VOL. XLIV

No. 12

19-March-2001

IRAN

JBIC Signs $3Bn Deal To Finance Iran Development/Crude Purchase Package

MEES learns that on 9 March the Japan Bank of International Cooperation (JBIC) signed a $3bn pre-finance advance facility agreement with the Naftiran Intertrade Company (NICO) international marketing unit of the National Iranian Oil Company (NIOC). The agreement is a major element of the deal signed between Japan and Iran last year under which a consortium of Japanese companies led by JAPEX...