VOL. XLIV

No. 23

4-June-2001

IRAN

Deutsche Bank Consortium Increases NPC Financing To More Than1bn

A group of 20 mainly European banks, led by Deutsche Bank, has increased a loan made to Irans National Petrochemical Company (NPC) last June (MEES, 26 June 2000), to finance additional components of the European contribution to the construction of petrochemicals plants at Bandar Imam and Assaluyeh on the Gulf coast. NPC and Deutsche Bank, as lead arranger of the package, signed an agreement in...