IFC BACKS BULGARIA, EGYPT GAS PROJECTS
February 1st, 2007
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$50 million to Bulgarian and Egyptian subsidiaries of UK-based oil/gas producer Melrose Resources, developing Egypt's El Mansoura, Southeast El Mansoura, and Qantara Nile delta concessions, and Bulgaria's Galata gas field and four adjacent offshore concessions.
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$50 million to Bulgarian and Egyptian subsidiaries of UK-based oil/gas producer Melrose Resources, developing Egypt's El Mansoura, Southeast El Mansoura, and Qantara Nile delta concessions, and Bulgaria's Galata gas field and four adjacent offshore concessions.
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