VOL. XL
No. 16
21-April-1997
IRAN
German Bank Financing Of Iranian OilfieldDevelopment Deal Progresses Despite Political Tension
Despite heightened political tensions between Iran and Germany, the NationalIranian Oil Company (NIOC) has signed preliminary documentation in support of a $160mn loan packagebeing arranged by Germany's Westdeutsche Landesbank (West LB) to finance the renovation anddevelopment of the war-damaged Soroush offshore oilfield. The loan, which was approvedimmediately prior to...
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