VOL. XLI

No. 27

6-July-1998

SYRIA

Apicorp Extends $50Mn Loan To SPC For Central Area Gas Project

The Saudi-based Arab Petroleum Investments Corporation (Apicorp), the joint-stockcompany affiliated to the Organization of Arab Exporting Countries (OAPEC), has extended aloan of $50mn to the state-owned Syrian Petroleum Company (SPC) to help finance Phase IIof the Central Area Gas Project in the Palmyra region of Syria. The loan agreement wassigned in al-Khobar on 28 June. Apicorp had previously...