VOL. XLII
No. 10
8-March-1999
IRAN
NIOC Affiliate Set To Begin Drawing Down South Pars Loan
An affiliate of the National Iranian Oil Company (NIOC) isscheduled to draw the first tranche of a $350mn pre-financing scheme securedfrom France痴 Credit Agricole Indosuez sometime this month. The loan is part of$900mn worth of credit facilities which are under negotiation with a group ofFrench banks (MEES, 22 February). The funds are earmarked to support anongoing project to develop phase 1 of the South...
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