IFC BACKS OIL AND GAS DRILLING IN DEVELOPING COUNTRIES
October 1st, 2008
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of World Bank has responded to a shortage of oil and gas drilling services in developing countries with a US$30 million debt and equity financing package to India's Punj Lloyd Upstream Limited. The money will help the company provide drilling services in the Middle East, north Africa and south Asia.
ENDS
THE INTERNATIONAL Finance Corporation (IFC) of World Bank has responded to a shortage of oil and gas drilling services in developing countries with a US$30 million debt and equity financing package to India's Punj Lloyd Upstream Limited. The money will help the company provide drilling services in the Middle East, north Africa and south Asia.
ENDS
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