IFC PUMPS USD48 MILLION INTO ARGENTINA’S MEDANITO
August 1st, 2011
BY KEITH NUTHALL
ARGENTINE energy company Medanito is to receive a USD48 million equity investment from the World Bank's International Finance Corporation (IFC) to help it boost oil and gas production. The money will help Medanito develop its oil and gas reserves; expand its processing and storag1e facilities; and undertake new exploration in southwest Argentina.
ENDS
ARGENTINE energy company Medanito is to receive a USD48 million equity investment from the World Bank's International Finance Corporation (IFC) to help it boost oil and gas production. The money will help Medanito develop its oil and gas reserves; expand its processing and storag1e facilities; and undertake new exploration in southwest Argentina.
ENDS
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