VOL. XXXVI
NO. 40
5-JULY-1993
ALGERIA
EIB Extends Loans To Algeria And Morocco To Build Gas Pipeline
The European Investment Bank (EIB) announced on 29 June that it will lendAlgeria's state-owned Sonatrach ECU200mn ($235.4mn) to help finance theconstruction of the Algerian section of the western gas pipeline system from theHassi R'Mel fields to Spain. The 530-km. Algerian section, consisting of twoterminals and compressor stations, is being funded as part of the EC's"horizontal financial...
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