VOL. XXXVI

NO. 10

7-DECEMBER-1992

Financial and Banking News

BUDGETS AND REVENUES

Spain to Lend $500mn for Trans-Maghreb Pipeline

Spain is to lend Algeria $500mn towards the cost of the trans-Maghrebpipeline, which will carry gas from Algeria's Hassi R'Mel field via Morocco toSpain. Work on the 1,255-km. pipeline is due to begin in early 1993.