ITALY EIB
February 1st, 2004
BY KEITH NUTHALLA SUBSTANTIAL Euro 300 million loan could be paid to Italy's Eni by the European Investment Bank (EIB) to significantly boost the country's Adriatic and Ionian Sea natural gas production. The planned investment would help Eni drill and work 85 wells, involving the installation of eight new platforms and about 125 km of sub-sea pipelines. Total incremental reserves, said the EIB, are estimated at 26 GSm3 (giga standard cubic metres). The project is particularly attractive to the bank because the gas would be landed at seven on-shore terminals in ...
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