VOL. XLIV

No 47

19-November-2001

ALGERIA

Algerias Sonatrach Secures 21.4Bn From JBIC

The Japanese Bank forInternational Cooperation (JBIC) announced on 7 November that it had signed aloan agreement for a buyers credit totaling 21.4bn ($178mn) with Algeriasstate-owned oil company Sonatrach for an oil production facility in Algiers.The eight-year facility carries an annual interest rate of 1.95%. In astatement, JBIC said that the loan is cofinanced with Mitsui-Sumitomo Bank(lead bank), BNP...