VOL. XLIII

No. 12

20-March-2000

TURKEY

Financing For Blue Stream Project Moves Forward

Financing for the Blue Stream underwater natural gas pipeline in the Black Sea has moved ahead with the announcement this week that a total of $2bn has been earmarked for the project. The Italian credit export agency SACE has confirmed to MEES that a $1bn guarantee is in the process of being finalized for a loan that will be extended to the Blue Stream Pipeline Company BV, a joint venture between Eni and...