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...
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