IFC YEMEN/VIETNAM OIL AND GAS LOAN
October 1st, 2005
BY KEITH NUTHALL
LONDON-based oil and gas exploration and production company SOCO International will be lent up to US$45 million by the World Bank's International Finance Corporation (IFC) to help finance its investments in emerging markets, particularly Vietnam and Yemen. SOCO wants to help stem Yemen's declining oil production, and help Vietnam secure more market-based foreign direct investment.
LONDON-based oil and gas exploration and production company SOCO International will be lent up to US$45 million by the World Bank's International Finance Corporation (IFC) to help finance its investments in emerging markets, particularly Vietnam and Yemen. SOCO wants to help stem Yemen's declining oil production, and help Vietnam secure more market-based foreign direct investment.
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