Islamic Development Bank lends $ 43 mm to Sonatrach

Jul 31, 2000 02:00 AM

The Islamic Development Bank has agreed to lend $ 43 mm to help Algerian Sonatrach finance a development project in the Mesdar area of the Hassi Messaoud oil and gas fields. The funds will be used to buy equipment to build a gas injection platform to boost local crude oil production.

Sonatrach, is the "sole" energy operator in Algeria. Algeria is one of the world's largest gas and oil producers.

Source: Bridge News via Newspage
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