 | EBRD interested in oil sector |
EBRD will take part in financing the Main Export Pipeline Baku-Tbilisi-Ceyhan, according to the president of the Bank Jean Lemierre. He indicated that due to the high cost of the project, the participation of other major financial institutions is also necessary.
The EBRD president said the Bank is financing the interest stake of “Moncrief Oil” in the “Padar-Kharami” prospect, but declined to spell out any figures and crediting terms. According to him, the Bank may take part in other projects in the future, “everything depends on the conditions”.
According to a source from “Moncrief Oil”, the information concerning EBRD’s funding the company’s stake in the mentioned contract is being withheld.*
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Issue: May, 14, 2001
OFFICIAL INFORMATION
Aliyev receives Turkish researchers
POLITICSCIS premiers’ meeting agenda readyRussian Security Council chief to visit BakuForeign minister speaks highly of AgipPakistan appoints new ambassadorADP discloses rally tollHistorical monument of Sefevids in jeopardy
ECONOMICSEBRD interested in oil sectorClosed-door Shah-Daniz presentation heldBaku to host Interfood-2001 exhibition
NEWS OF BAKUBeaches unprepared for summer seasonRole of private schools in training of businessmen discussed
CULTURECircus to become part of Russian Circus Union
ACCIDENTWarehouse in flames
MISCELLANEOUSAzerbaijan to join 'Say Yes for Children'Restoration of Old City slow
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