VOL. XLII

No 49

6-December-1999

IRAN

ECGD Prepares $30Mn Cover For Iranian Project

The UK痴 Export Credits Guarantee Department (ECGD) ispreparing documentation and has agreed in principle to provide state cover fortwo air separation units in Bandar Khomeini, a source at ECGD told MEES.The equipment produces inert air used in processing units in petrochemicalplants. "Essentially, what is happening is that the Iranians, in thisparticular instance, are having a central utilities service for...