VOL. XXXVII

NO.4

25-OCTOBER-1993

Algeria

Japan's Eximbank Lends Sonatrach $400Mn To Raise NGL Production

Japan's Eximbank extended last week two loans worth around $400mn toAlgeria's Sonatrach to help increase the country's liquefied petroleum gas (LPG)and condensate production. The agreements were signed in Tokyo on 20 October byMr. Mitsuhide Yamaguchi, Eximbank Governor, and Mr. Abdelhak Bouhafs,Sonatrach's General Manager. The first credit agreement, worth Yen 15,044bn($143mn), will finance...