VOL. XL
No. 25
23-June-1997
IRAN
Germany's West LB Bank Secures Loan For Soroush Oilfield Development Project
Germany's Westdeutsche Landesbank (West LB) has apparently succeeded inits efforts to secure a loan totaling some $90mn to finance the renovation and developmentof the war-damaged Soroush offshore oilfield. The package is being arranged by West LB onbehalf of the Iranian Offshore Engineering Construction Company (IOEC), a local firm whichwon the development contract on the Soroush...
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