No. 39



US Eximbank Approves Loan For HBNS Phase II Development: Algerian Production Capacity Set To Rise To 925,000 B/D Next Year

The US Eximbank has approved a loan of around $120m for Algerias state-owned oil company Sonatrach, according to a 13 September report on Algerian TV. The term of the loan is nine years and it will be used to finance goods and services of US origin for the implementation of the Hassi Berkine South (HBNS) Phase II development project,...