Middle East Economic Survey
VOL. LIII
No 48
29-Nov-2010
ALGERIA
EIB Grants 500Mn Loan For Algeria-Spain Gas Pipeline
The European Investment Bank (EIB) announced on 23 November the provision of a 500mn loan towards the construction of a deepwater natural gas pipeline connecting Algeria and Spain the EIBs biggest loan for a Mediterranean energy project. The 210km Medgaz pipeline will have capacity to deliver 8 bcm/year of Algerian gas to Spain, and is being constructed by a consortium of...
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