IFC LENDS ARGENTINA NETHERLANDS RUSSIA DOLLARS FOR OIL, KYOTO PROJECTS
July 1st, 2006
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, will lend US$70 million over 10 years to independent Argentine oil producer Companias Asociadas Petroleras SA (CAPSA), which works within the southern province of Chubut. The money will finance capital expenditures, working capital requirements, and general corporate activities. Meanwhile, the IFC will lend US$25 million over five years to Russia's OJSC Alliance Oil Company, a mid-sized company focusing on refining and distribution in Russia, Ukraine, and the Kyrgyz Republic. Also, ...
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