VOL. XL
No. 39
29-September-1997
ALGERIA
EIB Lends Sonatrach $339Mn for Construction Of GR-2 Gas Pipeline
The European Investment Bank (EIB) announced on 19 September that it has extended asoft loan to Algeria's Sonatrach worth ECU300mn ($339mn) for the construction of the988-km. GR-2 gas pipeline designed to convey gas from Alrar in the southeastern part ofthe country to Hassi R'Mel, the country's main gas gathering complex. The loan, thelargest allowed to a company outside the European Union...
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