Middle East Economic Survey
VOL. LIII
No 24
14-Jun-2010
REGIONAL
IFC Loans $35Mn To GAC To Buy Offshore Support Vessels
The International Finance Corporation (IFC), a division of the World Bank, is providing a $35mn loan to marine services contractor GAC Group for the purchase of up to six new supply vessels to support offshore oil rigs, the IFC said on 3 June. Three of the vessels will operate in Kazakhstan, while the others will be deployed in the Middle East and North Africa. An IFC statement...
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