Middle East Economic Survey

VOL. XLVIII

No 7

14-February-2005

mauritania

Hardman Secures $100Mn From ANZ For Chinguetti Development

Australias Hardman Resources says it has secured a $100mn loan from Australia and New Zealand Banking Group (ANZ) for the development of the Chinguetti oilfield in offshore Mauritania. While ANZs project finance business in the Middle East, Africa, South Asia and the Americas was recently bought by Standard Chartered (MEES, 22 November 2004) financing in these regions...